Trimble Navigation Ltd. (TRMB) Stake Reduced by Ngam Advisors L.P.
Ngam Advisors L.P. lowered its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 5.9% during the first quarter, Holdings Channel reports. The institutional investor owned 31,760 shares of the scientific and technical instruments company’s stock after selling 1,998 shares during the period. Ngam Advisors L.P.’s holdings in Trimble Navigation were worth $1,017,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of TRMB. Twin Tree Management LP bought a new stake in Trimble Navigation during the first quarter valued at approximately $124,000. Huntington National Bank boosted its stake in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 82 shares in the last quarter. IFP Advisors Inc boosted its stake in Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 1,228 shares in the last quarter. First Quadrant L P CA bought a new stake in Trimble Navigation during the first quarter valued at approximately $155,000. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in Trimble Navigation by 4.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,683 shares of the scientific and technical instruments company’s stock valued at $200,000 after buying an additional 313 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.
Trimble Navigation Ltd. (TRMB) opened at 36.51 on Tuesday. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 57.05 and a beta of 2.24. The stock has a 50 day moving average of $36.04 and a 200-day moving average of $32.25. Trimble Navigation Ltd. has a 52-week low of $23.65 and a 52-week high of $37.37.
Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by $0.01. The company had revenue of $613.90 million during the quarter, compared to analyst estimates of $605.32 million. Trimble Navigation had a net margin of 6.82% and a return on equity of 12.28%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. On average, analysts forecast that Trimble Navigation Ltd. will post $1.39 EPS for the current year.
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A number of analysts have issued reports on TRMB shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $39.00 target price (up from $38.00) on shares of Trimble Navigation in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, May 30th. Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Needham & Company LLC lifted their target price on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Craig Hallum lifted their target price on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.67.
In other Trimble Navigation news, Director Steeg Nickolas Vande sold 41,717 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $35.80, for a total transaction of $1,493,468.60. Following the completion of the sale, the director now owns 56,370 shares of the company’s stock, valued at approximately $2,018,046. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James A. Kirkland sold 25,000 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $35.89, for a total value of $897,250.00. Following the sale, the vice president now directly owns 45,887 shares of the company’s stock, valued at approximately $1,646,884.43. The disclosure for this sale can be found here. In the last three months, insiders sold 200,263 shares of company stock valued at $7,170,488. 1.40% of the stock is currently owned by insiders.
About Trimble Navigation
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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