The New Burrell Jonathan Holding in Garmin Ltd
Burrell Jonathan filed with the SEC SC 13G/A form for Garmin Ltd. The form can be accessed here: 000101410816000533. As reported in Burrell Jonathan’s form, the filler as of late owns 15.1% or 28,502,970 shares of the Consumer Discretionary–company.
Garmin Ltd stake is a new one for the and it was filed because of activity on November 30, 2016. We feel this shows Burrell Jonathan’s positive view for the stock.
Garmin Ltd Institutional Sentiment
Latest Security and Exchange filings show 276 investors own Garmin Ltd. The institutional ownership in Q3 2015 is very high, at 41.86% of the outstanding shares. This is increased by 3839910 the total institutional shares. 78882173 were the shares owned by these institutional investors. In total 35 funds opened new Garmin Ltd stakes, 91 increased stakes. There were 62 that closed positions and 107 reduced them.
Valicenti Advisory Services Inc is an institutional investor bullish on Garmin Ltd, owning 84770 shares as of Q3 2015 for 2.01% of its portfolio. Peter A. Wright P-A-W Capital Corp owns 65000 shares or 2.67% of its portfolio. CT Lapides Asset Management Llc have 0.61% of their stock portfolio for 99000 shares. Further, World Asset Management Inc reported stake worth 0.03% of its US stock portfolio. The MD Calvert Investment Management Inc owns 5800 shares. Garmin Ltd is 0.01% of the manager’s US portfolio.
Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, manufactures, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor-based and information products. It operates through five business segments: marine, outdoor, fitness, auto and aviation. Garmin offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products designed for use in outdoor activities. It offers products designed for use in fitness and activity tracking. It offers a range of products designed for use in the recreational marine industry. It offers products designed for use in the recreational marine industry. Its aviation product line includes GPS-enabled navigation and very high frequency (VHF) communications transmitters/receivers.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.06, from 1.1 in 2016Q1. The ratio improved, as 45 funds sold all Garmin Ltd. shares owned while 85 reduced positions. 40 funds bought stakes while 103 increased positions. They now own 66.55 million shares or 2.98% less from 68.60 million shares in 2016Q1.
Ci Global Invests Incorporated last reported 0% of its portfolio in the stock. Lapides Asset Mngmt Ltd Liability Corp accumulated 0.61% or 78,400 shares. Todd Asset Management Ltd Liability Co holds 24,605 shares or 0.03% of its portfolio. Ameriprise Inc owns 60,253 shares or 0% of their US portfolio. Capstone Asset has 0.01% invested in the company for 9,874 shares. Bankshares Of America De owns 694,629 shares or 0.01% of their US portfolio. Amp Cap Investors Ltd holds 0.02% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 59,049 shares. Moreover, United Services Automobile Association has 0.01% invested in Garmin Ltd. (NASDAQ:GRMN) for 35,660 shares. Us Bancorporation De has 0% invested in the company for 2,818 shares. Trust Invest Advsr has invested 1.39% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Oxford Asset Mgmt owns 10,784 shares or 0.02% of their US portfolio. Texas Permanent School Fund, a Texas-based fund reported 38,057 shares. California State Teachers Retirement has 242,522 shares for 0.02% of their US portfolio. Blackrock Institutional Trust Company Na holds 0.02% of its portfolio in Garmin Ltd. (NASDAQ:GRMN) for 2.99M shares. Teachers Advisors holds 154,929 shares or 0.01% of its portfolio.
Insider Transactions: Since August 3, 2016, the stock had 0 insider purchases, and 6 sales for $271,250 net activity. 425 shares were sold by Biddlecombe Sean, worth $23,171. 175 shares with value of $9,188 were sold by PEMBLE CLIFTON A on Friday, November 25. Bartel Danny J sold $42,861 worth of stock or 786 shares. The insider Straub Philip sold 1,084 shares worth $60,010. 1,046 Garmin Ltd. (NASDAQ:GRMN) shares with value of $57,425 were sold by ETKIND ANDREW R.
Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on February, 15. They expect $0.59 EPS, down 20.27% or $0.15 from last year’s $0.74 per share. GRMN’s profit will be $111.55M for 22.19 P/E if the $0.59 EPS becomes a reality. After $0.75 actual EPS reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts -21.33% negative EPS growth.
About 95,638 shares traded hands. Garmin Ltd. (NASDAQ:GRMN) has risen 20.57% since April 28, 2016 and is uptrending. It has outperformed by 14.65% the S&P500.
Garmin Ltd. and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The company has a market cap of $9.90 billion. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. It has a 19.59 P/E ratio. It operates through five business divisions: marine, outdoor, fitness, auto and aviation.
Garmin Ltd. (NASDAQ:GRMN) Ratings Coverage
Out of 12 analysts covering Garmin Ltd. (NASDAQ:GRMN), 1 rate it a “Buy”, 4 “Sell”, while 7 “Hold”. This means 8% are positive. $50 is the highest target while $12 is the lowest. The $35.75 average target is -31.72% below today’s ($52.36) stock price. Garmin Ltd. has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Sterne Agee CRT initiated the shares of GRMN in a report on Tuesday, September 29 with “Neutral” rating. The stock of Garmin Ltd. (NASDAQ:GRMN) earned “Neutral” rating by Citigroup on Thursday, October 29. The firm has “Underperform” rating by Credit Suisse given on Thursday, February 18. As per Monday, August 22, the company rating was downgraded by Raymond James. The firm has “Underweight” rating given on Thursday, July 30 by JP Morgan. The firm has “Outperform” rating given on Thursday, July 30 by RBC Capital Markets. RBC Capital Markets maintained the shares of GRMN in a report on Thursday, October 15 with “Outperform” rating. The company was downgraded on Thursday, October 15 by Dougherty & Company. Goldman Sachs downgraded Garmin Ltd. (NASDAQ:GRMN) rating on Wednesday, August 24. Goldman Sachs has “Sell” rating and $12 price target. Credit Suisse downgraded the stock to “Underperform” rating in Friday, January 15 report.
More important recent Garmin Ltd. (NASDAQ:GRMN) news were published by: Streetinsider.com which released: “Garmin Ltd. (GRMN) Declares $0.51 Quarterly Dividend; 3.9% Yield” on December 01, 2016, also Profitconfidential.com published article titled: “GRMN Stock: Garmin Ltd. Is a Rising Threat with Wearables”, Fool.com published: “A Strong Case for Buying Garmin Ltd. Stock” on November 08, 2016. More interesting news about Garmin Ltd. (NASDAQ:GRMN) was released by: Businesswire.com and their article: “Garmin® Confirms December 30 Dividend Payment” with publication date: December 01, 2016.
According to Zacks Investment Research, “Garmin International is designs, manufactures, and markets navigation and communications equipment for a variety of markets, including aviation, marine, automotive, cellular, OEM, and general recreation. Specifically, the company aims to enrich the lives of customers, suppliers, distributors, and employees by providing the very best products that offer superior quality, safety, and operational features at affordable prices.”
GRMN Company Profile
Garmin Ltd. (Garmin), incorporated on February 9, 2010, and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. Garmin designs, develops, makes, markets and distributes a family of hand-held, wearable, portable and fixed-mount GPS-enabled products and other navigation, communications, sensor and information products. The Firm operates through five business divisions: marine, outdoor, fitness, auto and aviation.
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