Aviva PLC Decreases Holdings in Trimble Inc (TRMB)
Aviva PLC trimmed its position in shares of Trimble Inc (NASDAQ:TRMB) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,918 shares of the scientific and technical instruments company’s stock after selling 3,919 shares during the period. Aviva PLC’s holdings in Trimble were worth $5,212,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TRMB. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Trimble by 215.3% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock valued at $104,000 after acquiring an additional 1,636 shares in the last quarter. Korea Investment CORP acquired a new stake in shares of Trimble in the second quarter valued at $131,000. Commerce Bank acquired a new stake in shares of Trimble in the third quarter valued at $211,000. Redpoint Investment Management Pty Ltd acquired a new stake in shares of Trimble in the third quarter valued at $241,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Trimble in the third quarter valued at $252,000. Institutional investors own 90.27% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research cut Trimble from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research note on Saturday, November 17th. BidaskClub upgraded Trimble from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine cut Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Robert W. Baird increased their price objective on Trimble from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.20.
Trimble (NASDAQ:TRMB) last posted its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $804.70 million during the quarter, compared to analysts’ expectations of $806.12 million. Trimble had a net margin of 5.32% and a return on equity of 16.21%. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Analysts predict that Trimble Inc will post 1.67 EPS for the current fiscal year.
In related news, SVP Sachin Sankpal sold 3,151 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.02, for a total value of $135,556.02. Following the transaction, the senior vice president now owns 17,997 shares of the company’s stock, valued at $774,230.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert G. Painter sold 1,800 shares of the stock in a transaction on Friday, November 16th. The shares were sold at an average price of $35.43, for a total value of $63,774.00. Following the completion of the transaction, the chief financial officer now directly owns 22,114 shares in the company, valued at approximately $783,499.02. The disclosure for this sale can be found here. Insiders sold 22,393 shares of company stock worth $880,463 in the last three months. 1.40% of the stock is currently owned by corporate insiders.
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Trimble Company Profile
Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
See Also: Earnings Reports
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