Quantitative Investment Management LLC lowered its position in Trimble Inc (NASDAQ:TRMB) by 68.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,100 shares of the scientific and technical instruments company’s stock after selling 84,200 shares during the quarter. Quantitative Investment Management LLC’s holdings in Trimble were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in TRMB. Cerebellum GP LLC acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $125,000. Advisory Services Network LLC increased its stake in shares of Trimble by 3,428.1% in the fourth quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock valued at $128,000 after purchasing an additional 3,051 shares during the period. Delpha Capital Management LLC acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $134,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Trimble in the third quarter valued at approximately $137,000. Finally, Armor Investment Advisors LLC acquired a new stake in shares of Trimble in the fourth quarter valued at approximately $203,000. Institutional investors own 89.96% of the company’s stock.
Trimble Inc (NASDAQ:TRMB) opened at $37.49 on Tuesday. Trimble Inc has a 12 month low of $30.45 and a 12 month high of $45.70. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The company has a market cap of $9,518.53, a P/E ratio of 29.49, a P/E/G ratio of 2.27 and a beta of 2.41.
Several equities research analysts have commented on TRMB shares. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, December 26th. TheStreet lowered shares of Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. BidaskClub lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th. Finally, Oppenheimer reiterated a “buy” rating and set a $50.00 price objective (up previously from $45.00) on shares of Trimble in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $42.10.
In other Trimble news, Director Mark S. Peek sold 10,000 shares of Trimble stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $39.80, for a total value of $398,000.00. Following the transaction, the director now owns 35,000 shares in the company, valued at $1,393,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ulf J. Johansson sold 50,000 shares of Trimble stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the completion of the transaction, the director now owns 42,670 shares in the company, valued at approximately $1,624,446.90. The disclosure for this sale can be found here. Insiders have sold 471,946 shares of company stock worth $18,558,140 in the last quarter. Company insiders own 1.40% of the company’s stock.
Trimble Company 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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