Fiera Capital Corp raised its holdings in Trimble Navigation Ltd. (NASDAQ:TRMB) by 35.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,408,535 shares of the scientific and technical instruments company’s stock after buying an additional 366,967 shares during the quarter. Fiera Capital Corp owned approximately 0.56% of Trimble Navigation worth $50,242,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TRMB. Commonwealth Bank of Australia grew its holdings in Trimble Navigation by 17.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock valued at $121,000 after buying an additional 500 shares during the period. Twin Tree Management LP purchased a new stake in Trimble Navigation in the 1st quarter valued at about $124,000. Acadian Asset Management LLC purchased a new stake in Trimble Navigation in the 2nd quarter valued at about $134,000. FNY Partners Fund LP grew its holdings in Trimble Navigation by 71.4% in the 1st quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock valued at $153,000 after buying an additional 2,000 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Trimble Navigation in the 2nd quarter valued at about $168,000. Institutional investors own 90.06% of the company’s stock.
In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total value of $1,258,691.84. Following the transaction, the director now directly owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James A. Kirkland sold 7,183 shares of the company’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $37.41, for a total value of $268,716.03. Following the completion of the transaction, the vice president now directly owns 14,598 shares in the company, valued at $546,111.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,688 shares of company stock worth $9,616,521. Insiders own 1.40% of the company’s stock.
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Shares of Trimble Navigation Ltd. (TRMB) traded down 0.13% during mid-day trading on Wednesday, hitting $39.83. The stock had a trading volume of 44,997 shares. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 57.72 and a beta of 2.28. The company has a 50-day moving average of $37.87 and a 200 day moving average of $35.15. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.84.
Trimble Navigation (NASDAQ:TRMB) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same period in the previous year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.
Several analysts have commented on the company. Craig Hallum restated a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Trimble Navigation in a report on Wednesday, August 9th. Zacks Investment Research cut Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Piper Jaffray Companies restated a “buy” rating and issued a $39.00 price target on shares of Trimble Navigation in a report on Wednesday, July 12th. Morgan Stanley lifted their price target on Trimble Navigation from $24.00 to $38.00 and gave the company an “equal weight” rating in a report on Thursday, August 17th. Finally, Berenberg Bank assumed coverage on Trimble Navigation in a report on Wednesday, August 23rd. They issued a “hold” rating and a $38.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $40.75.
Trimble Navigation Profile
Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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