Hager Investment Management Services LLC Invests $52,000 in Garmin Ltd. (NYSE:GRMN)

Hager Investment Management Services LLC bought a new position in shares of Garmin Ltd. (NYSE:GRMN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 250 shares of the scientific and technical instruments company’s stock, valued at approximately $52,000.

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its stake in Garmin by 10.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,405 shares of the scientific and technical instruments company’s stock worth $1,321,000 after purchasing an additional 631 shares in the last quarter. Yousif Capital Management LLC increased its position in Garmin by 3.5% in the 4th quarter. Yousif Capital Management LLC now owns 20,824 shares of the scientific and technical instruments company’s stock valued at $4,295,000 after acquiring an additional 699 shares in the last quarter. Catalina Capital Group LLC raised its stake in shares of Garmin by 5.1% in the fourth quarter. Catalina Capital Group LLC now owns 1,491 shares of the scientific and technical instruments company’s stock worth $308,000 after acquiring an additional 73 shares during the last quarter. Baskin Financial Services Inc. raised its stake in shares of Garmin by 3.2% in the fourth quarter. Baskin Financial Services Inc. now owns 148,957 shares of the scientific and technical instruments company’s stock worth $30,724,000 after acquiring an additional 4,616 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Garmin during the fourth quarter worth approximately $7,482,000. 81.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GRMN shares. Tigress Financial boosted their price objective on shares of Garmin from $215.00 to $265.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 16th. Barclays boosted their target price on Garmin from $133.00 to $158.00 and gave the stock an “underweight” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Garmin has an average rating of “Hold” and an average target price of $171.00.

Insider Buying and Selling

In related news, CFO Douglas G. Boessen sold 1,761 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the transaction, the chief financial officer now owns 27,612 shares in the company, valued at approximately $5,743,019.88. The trade was a 6.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.54% of the stock is owned by insiders.

Garmin Stock Performance

GRMN opened at $218.71 on Thursday. The company has a fifty day moving average price of $212.74 and a two-hundred day moving average price of $191.63. The firm has a market capitalization of $42.00 billion, a PE ratio of 27.75, a P/E/G ratio of 1.30 and a beta of 0.98. Garmin Ltd. has a 52 week low of $120.06 and a 52 week high of $222.97.

Garmin Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform.