Capital Fund Management S.A. Acquires Shares of 18,699 Trimble Navigation Ltd. (TRMB)
Capital Fund Management S.A. bought a new position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) during the second quarter, Holdings Channel reports. The institutional investor bought 18,699 shares of the company’s stock, valued at approximately $456,000.
Several other institutional investors have also made changes to their positions in the stock. Strs Ohio increased its position in shares of Trimble Navigation by 59.2% in the second quarter. Strs Ohio now owns 6,841 shares of the company’s stock worth $166,000 after buying an additional 2,544 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Trimble Navigation during the second quarter worth $317,000. BlueMountain Capital Management LLC acquired a new position in shares of Trimble Navigation during the first quarter worth $378,000. Chilton Capital Management LLC acquired a new position in shares of Trimble Navigation during the first quarter worth $438,000. Finally, Shell Asset Management Co. increased its position in shares of Trimble Navigation by 49.8% in the second quarter. Shell Asset Management Co. now owns 20,354 shares of the company’s stock worth $496,000 after buying an additional 6,768 shares in the last quarter. 90.16% of the stock is owned by institutional investors and hedge funds.
Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.71% on Thursday, hitting $28.42. 1,346,392 shares of the stock traded hands. The company has a market cap of $7.08 billion, a PE ratio of 61.78 and a beta of 2.20. Trimble Navigation Ltd. has a one year low of $17.37 and a one year high of $28.99. The stock has a 50 day moving average of $27.56 and a 200 day moving average of $25.99.
Trimble Navigation (NASDAQ:TRMB) last issued its quarterly 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 net margin of 5.04% and a return on equity of 11.00%. The company 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 posted $0.28 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities analysts anticipate that Trimble Navigation Ltd. will post $1.18 earnings per share for the current year.
A number of brokerages have weighed in on TRMB. Wedbush reaffirmed a “buy” rating on shares of Trimble Navigation in a research note on Sunday, June 26th. Zacks Investment Research downgraded shares of Trimble Navigation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $32.00 target price on shares of Trimble Navigation in a research note on Thursday. Dougherty & Co reiterated a “buy” rating and set a $32.00 price target on shares of Trimble Navigation in a report on Monday, September 12th. Finally, TheStreet upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating in a report on Wednesday, August 3rd. One investment 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 company presently has a consensus rating of “Buy” and a consensus price target of $27.83.
In other news, VP Jurgen Kliem sold 16,700 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 21,693 shares of the company’s stock, valued at approximately $564,018. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Darryl R. Matthews sold 5,714 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $27.39, for a total transaction of $156,506.46. Following the completion of the sale, the senior vice president now directly owns 8,401 shares in the company, valued at $230,103.39. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
About Trimble Navigation
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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