Creative Financial Designs Inc. ADV Sells 681 Shares of Garmin Ltd. (NYSE:GRMN)

Creative Financial Designs Inc. ADV cut its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 7.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,854 shares of the scientific and technical instruments company’s stock after selling 681 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Garmin were worth $1,559,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Select Equity Group L.P. boosted its holdings in shares of Garmin by 0.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,006,563 shares of the scientific and technical instruments company’s stock valued at $326,909,000 after buying an additional 11,666 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Garmin by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,735,623 shares of the scientific and technical instruments company’s stock valued at $282,761,000 after acquiring an additional 13,968 shares during the period. Boston Partners increased its stake in shares of Garmin by 4.3% during the 1st quarter. Boston Partners now owns 1,416,130 shares of the scientific and technical instruments company’s stock worth $210,799,000 after purchasing an additional 58,343 shares during the last quarter. Marshall Wace LLP lifted its stake in Garmin by 34.0% in the 2nd quarter. Marshall Wace LLP now owns 1,098,443 shares of the scientific and technical instruments company’s stock valued at $178,958,000 after purchasing an additional 278,990 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Garmin by 20.2% during the first quarter. Captrust Financial Advisors now owns 839,537 shares of the scientific and technical instruments company’s stock worth $124,982,000 after purchasing an additional 141,001 shares during the period. 73.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GRMN has been the topic of several research analyst reports. StockNews.com lowered Garmin from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. Barclays increased their price target on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a research note on Friday. Morgan Stanley downgraded shares of Garmin from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $155.00 to $138.00 in a report on Monday, October 7th. Finally, Tigress Financial raised their target price on shares of Garmin from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Garmin presently has an average rating of “Hold” and an average target price of $162.67.

Garmin Trading Down 0.2 %

NYSE GRMN opened at $198.05 on Friday. The company has a market cap of $38.07 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 3.52 and a beta of 0.99. Garmin Ltd. has a 1-year low of $112.01 and a 1-year high of $207.22. The company has a 50 day moving average of $174.22 and a 200-day moving average of $167.62.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, October 30th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.53. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Garmin had a return on equity of 17.99% and a net margin of 25.48%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. On average, equities research analysts forecast that Garmin Ltd. will post 6.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Philip Straub sold 2,750 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $181.46, for a total transaction of $499,015.00. Following the completion of the sale, the director now owns 88,622 shares of the company’s stock, valued at approximately $16,081,348.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Garmin news, insider Cheng-Wei Wang sold 10,055 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $177.16, for a total transaction of $1,781,343.80. Following the completion of the transaction, the insider now owns 40,965 shares of the company’s stock, valued at approximately $7,257,359.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Philip Straub sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $181.46, for a total transaction of $499,015.00. Following the completion of the sale, the director now owns 88,622 shares in the company, valued at approximately $16,081,348.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,892 shares of company stock worth $2,296,174 over the last ninety days. Corporate insiders own 19.54% of the company’s stock.

Garmin 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.