Daiwa Securities Group Inc. Has $132,000 Position in Trimble Navigation Ltd. (TRMB)
Daiwa Securities Group Inc. decreased its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,400 shares of the company’s stock after selling 800 shares during the period. Daiwa Securities Group Inc.’s holdings in Trimble Navigation were worth $132,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its stake in Trimble Navigation by 1.8% in the first quarter. Primecap Management Co. CA now owns 13,319,816 shares of the company’s stock worth $330,331,000 after buying an additional 230,400 shares during the period. Wellington Management Group LLP increased its stake in Trimble Navigation by 4.4% in the first quarter. Wellington Management Group LLP now owns 5,830,157 shares of the company’s stock worth $144,588,000 after buying an additional 247,731 shares during the period. Franklin Resources Inc. increased its stake in Trimble Navigation by 1.0% in the first quarter. Franklin Resources Inc. now owns 3,374,190 shares of the company’s stock worth $83,680,000 after buying an additional 33,055 shares during the period. UBS Asset Management Americas Inc. increased its stake in Trimble Navigation by 42.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,269,488 shares of the company’s stock worth $56,284,000 after buying an additional 673,004 shares during the period. Finally, Geode Capital Management LLC increased its stake in Trimble Navigation by 4.2% in the first quarter. Geode Capital Management LLC now owns 1,663,874 shares of the company’s stock worth $41,241,000 after buying an additional 66,316 shares during the period. 90.16% of the stock is currently owned by institutional investors and hedge funds.
Trimble Navigation Ltd. (NASDAQ:TRMB) traded down 1.18% on Friday, reaching $28.47. 1,239,759 shares of the company traded hands. Trimble Navigation Ltd. has a 52-week low of $17.06 and a 52-week high of $28.89. The stock has a 50-day moving average of $27.51 and a 200 day moving average of $25.91. The company has a market capitalization of $7.09 billion, a PE ratio of 61.89 and a beta of 2.20.
Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 11.00% and a net margin of 5.04%. The business had revenue of $609.60 million for the quarter, compared to analyst estimates of $611.79 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, equities analysts forecast that Trimble Navigation Ltd. will post $1.18 EPS for the current year.
TRMB has been the topic of a number of recent research reports. TheStreet downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. began coverage on Trimble Navigation in a report on Monday, June 13th. They set an “outperform” rating and a $30.00 price objective on the stock. Wedbush reaffirmed a “buy” rating on shares of Trimble Navigation in a report on Sunday, June 26th. Dougherty & Co reaffirmed a “buy” rating and set a $32.00 price objective on shares of Trimble Navigation in a report on Monday, September 12th. Finally, Zacks Investment Research downgraded Trimble Navigation from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $27.83.
In related news, VP Chris Gibson sold 130,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $27.86, for a total value of $3,621,800.00. Following the completion of the transaction, the vice president now owns 109,941 shares of the company’s stock, valued at approximately $3,062,956.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven W. Berglund sold 36,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $27.43, for a total transaction of $987,480.00. Following the completion of the transaction, the chief executive officer now directly owns 78,183 shares of the company’s stock, valued at approximately $2,144,559.69. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Trimble Navigation Company Profile
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers to transform work processes. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. Its products include equipment that automates large industrial equipment, such as tractors and bulldozers; integrated systems that track fleets of vehicles and workers and provide information and analytics to the back-office; data collection systems that enable the management of geo-referenced information; software solutions that connect all aspects of a construction site or a farm, and building information modeling (BIM) software that is used throughout the design, build and operation of buildings.
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