New Age Alpha Advisors LLC Grows Holdings in Garmin Ltd. $GRMN

New Age Alpha Advisors LLC boosted its position in Garmin Ltd. (NYSE:GRMN) by 98.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,439 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,202 shares during the period. New Age Alpha Advisors LLC’s holdings in Garmin were worth $1,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its stake in shares of Garmin by 1.2% in the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company’s stock worth $923,000 after buying an additional 44 shares during the last quarter. Smith Moore & CO. increased its position in shares of Garmin by 4.3% during the second quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company’s stock valued at $240,000 after acquiring an additional 47 shares during the last quarter. BSW Wealth Partners lifted its holdings in Garmin by 2.9% during the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company’s stock worth $425,000 after acquiring an additional 48 shares during the period. SYM FINANCIAL Corp boosted its position in Garmin by 4.0% in the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 50 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC grew its stake in Garmin by 0.6% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company’s stock valued at $2,293,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Insider Activity

In related news, VP Susan Lyman sold 3,805 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.32, for a total transaction of $956,272.60. Following the sale, the vice president directly owned 7,471 shares in the company, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Douglas G. Boessen sold 3,487 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the sale, the chief financial officer directly owned 28,049 shares in the company, valued at $7,058,811.34. This trade represents a 11.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 57,319 shares of company stock valued at $13,650,815. 19.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GRMN has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Zacks Research upgraded shares of Garmin from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Tigress Financial lifted their price objective on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. Finally, Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price target for the company in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.00.

Garmin Stock Performance

Shares of Garmin stock opened at $251.05 on Wednesday. The stock has a market capitalization of $48.32 billion, a P/E ratio of 29.19, a P/E/G ratio of 3.05 and a beta of 0.94. Garmin Ltd. has a 52-week low of $169.26 and a 52-week high of $261.69. The stock’s 50-day simple moving average is $215.42 and its 200 day simple moving average is $221.45.

Garmin (NYSE:GRMN) last posted its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company earned $2.41 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities research analysts forecast that Garmin Ltd. will post 7.8 EPS for the current fiscal year.

Garmin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.7%. Garmin’s payout ratio is presently 41.86%.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.