Van ECK Associates Corp Has $6.17 Million Stock Position in Garmin Ltd. (NYSE:GRMN)

Van ECK Associates Corp boosted its holdings in shares of Garmin Ltd. (NYSE:GRMN) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,900 shares of the scientific and technical instruments company’s stock after buying an additional 1,659 shares during the period. Van ECK Associates Corp’s holdings in Garmin were worth $6,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GRMN. State Street Corp boosted its stake in shares of Garmin by 2.0% during the 3rd quarter. State Street Corp now owns 6,912,536 shares of the scientific and technical instruments company’s stock worth $1,216,819,000 after acquiring an additional 134,303 shares in the last quarter. Geode Capital Management LLC boosted its stake in Garmin by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 4,363,464 shares of the scientific and technical instruments company’s stock valued at $765,912,000 after purchasing an additional 112,815 shares during the period. FMR LLC boosted its stake in Garmin by 40.8% during the 3rd quarter. FMR LLC now owns 3,775,154 shares of the scientific and technical instruments company’s stock valued at $664,540,000 after purchasing an additional 1,093,219 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Garmin by 3.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 1,401,004 shares of the scientific and technical instruments company’s stock valued at $246,619,000 after purchasing an additional 48,645 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Garmin by 4.1% during the 3rd quarter. Captrust Financial Advisors now owns 767,729 shares of the scientific and technical instruments company’s stock valued at $135,143,000 after purchasing an additional 30,011 shares during the period. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Price Performance

GRMN stock opened at $212.37 on Tuesday. The business has a fifty day moving average price of $212.77 and a 200 day moving average price of $193.88. Garmin Ltd. has a fifty-two week low of $121.20 and a fifty-two week high of $223.33. The stock has a market capitalization of $40.78 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.33 and a beta of 0.98.

Analyst Ratings Changes

Several equities analysts have commented on the company. Tigress Financial upped their price target on Garmin from $215.00 to $265.00 and gave the company a “strong-buy” rating in a report on Monday, December 16th. Barclays upped their price target on Garmin from $133.00 to $158.00 and gave the company an “underweight” rating in a report on Friday, November 1st. Three equities research 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 company. According to data from MarketBeat.com, Garmin currently has an average rating of “Hold” and a consensus target price of $171.00.

Insider Activity at Garmin

In other Garmin news, CFO Douglas G. Boessen sold 1,761 shares of Garmin stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $207.99, for a total transaction of $366,270.39. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.