Globeflex Capital L P Grows Position in Trimble Navigation Ltd. (TRMB)
Globeflex Capital L P increased its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 62.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,700 shares of the scientific and technical instruments company’s stock after buying an additional 16,720 shares during the period. Globeflex Capital L P’s holdings in Trimble Navigation were worth $1,559,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in TRMB. Commonwealth Bank of Australia increased its holdings in Trimble Navigation by 17.2% in the second quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after buying an additional 500 shares during the last quarter. Twin Tree Management LP acquired a new position in Trimble Navigation in the first quarter worth approximately $124,000. Acadian Asset Management LLC acquired a new position in Trimble Navigation in the second quarter worth approximately $134,000. Advisor Group Inc. increased its holdings in Trimble Navigation by 3.7% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after buying an additional 144 shares during the last quarter. Finally, FNY Partners Fund LP increased its holdings in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.
In other Trimble Navigation news, SVP Darryl R. Matthews sold 3,714 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total transaction of $143,583.24. Following the transaction, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $77,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James A. Kirkland sold 7,183 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $37.41, for a total value of $268,716.03. Following the transaction, the vice president now directly owns 14,598 shares in the company, valued at approximately $546,111.18. The disclosure for this sale can be found here. Insiders have sold a total of 252,688 shares of company stock worth $9,616,521 in the last ninety days. Insiders own 1.40% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Globeflex Capital L P Grows Position in Trimble Navigation Ltd. (TRMB)” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/25/globeflex-capital-l-p-grows-position-in-trimble-navigation-ltd-trmb.html.
A number of research firms recently commented on TRMB. Robert W. Baird increased their price objective on Trimble Navigation from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday. Craig Hallum restated a “hold” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a report on Wednesday, August 9th. BidaskClub downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Morgan Stanley increased their price objective on Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Trimble Navigation from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Monday, August 7th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Trimble Navigation presently has an average rating of “Buy” and a consensus target price of $41.11.
Trimble Navigation Ltd. (TRMB) opened at 39.76 on Monday. The firm’s 50-day moving average price is $38.19 and its 200 day moving average price is $35.51. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $40.30. The firm has a market cap of $10.07 billion, a P/E ratio of 57.62 and a beta of 2.28.
Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $661.90 million for the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. On average, equities research analysts forecast that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
Trimble Navigation 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.
Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Navigation Ltd. (NASDAQ:TRMB).
Receive News & Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.