Trimble Navigation Ltd. (TRMB) Shares Bought by Shell Asset Management Co.
Shell Asset Management Co. increased its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 49.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,354 shares of the company’s stock after buying an additional 6,768 shares during the period. Shell Asset Management Co.’s holdings in Trimble Navigation were worth $496,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in TRMB. Parametrica Management Ltd bought a new stake in Trimble Navigation during the second quarter valued at about $317,000. BlueMountain Capital Management LLC bought a new stake in Trimble Navigation during the first quarter valued at about $378,000. Chilton Capital Management LLC bought a new stake in Trimble Navigation during the first quarter valued at about $438,000. Capstone Asset Management Co. boosted its stake in Trimble Navigation by 3.9% in the second quarter. Capstone Asset Management Co. now owns 20,626 shares of the company’s stock valued at $502,000 after buying an additional 770 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake in Trimble Navigation by 43.1% in the second quarter. LS Investment Advisors LLC now owns 22,861 shares of the company’s stock valued at $557,000 after buying an additional 6,887 shares during the last quarter. Hedge funds and other institutional investors own 90.16% of the company’s stock.
Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.46% on Monday, reaching $28.60. 725,978 shares of the company’s stock traded hands. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 62.17 and a beta of 2.20. The firm has a 50-day moving average price of $27.51 and a 200-day moving average price of $25.91. Trimble Navigation Ltd. has a 52 week low of $17.06 and a 52 week high of $28.99.
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 analysts’ consensus estimates of $0.30 by $0.01. Trimble Navigation had a net margin of 5.04% and a return on equity of 11.00%. The business had revenue of $609.60 million for the quarter, compared to analysts’ expectations of $611.79 million. During the same quarter last year, the business earned $0.28 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts predict that Trimble Navigation Ltd. will post $1.18 earnings per share for the current year.
Several equities research analysts have recently issued reports on TRMB shares. Wedbush reiterated a “buy” rating on shares of Trimble Navigation in a research report on Sunday, June 26th. Dougherty & Co reiterated a “buy” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Monday, September 12th. TheStreet upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $29.00 price objective on shares of Trimble Navigation and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $32.00 price objective on shares of Trimble Navigation in a research report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $27.83.
In other news, CEO Steven W. Berglund sold 36,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $27.43, for a total transaction of $987,480.00. Following the transaction, the chief executive officer now owns 78,183 shares in the company, valued at approximately $2,144,559.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jurgen Kliem sold 16,700 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.00, for a total value of $434,200.00. Following the transaction, the vice president now owns 21,693 shares in the company, valued at approximately $564,018. The disclosure for this sale can be found here. 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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