GSA Capital Partners LLP Sells 12,564 Shares of Trimble Inc (TRMB)

GSA Capital Partners LLP reduced its stake in shares of Trimble Inc (NASDAQ:TRMB) by 41.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,091 shares of the scientific and technical instruments company’s stock after selling 12,564 shares during the period. GSA Capital Partners LLP’s holdings in Trimble were worth $594,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of TRMB. Wells Fargo & Company MN increased its holdings in Trimble by 17.6% during the 1st quarter. Wells Fargo & Company MN now owns 257,284 shares of the scientific and technical instruments company’s stock worth $9,231,000 after purchasing an additional 38,472 shares in the last quarter. Trexquant Investment LP bought a new stake in Trimble during the 1st quarter worth approximately $264,000. Robeco Institutional Asset Management B.V. increased its holdings in Trimble by 6.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 26,459 shares of the scientific and technical instruments company’s stock worth $950,000 after purchasing an additional 1,650 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Trimble by 3.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,082,984 shares of the scientific and technical instruments company’s stock worth $38,858,000 after purchasing an additional 39,191 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in Trimble by 10.6% during the 1st quarter. Aperio Group LLC now owns 77,323 shares of the scientific and technical instruments company’s stock worth $2,774,000 after purchasing an additional 7,400 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Robert G. Painter sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $34.33, for a total value of $51,495.00. Following the transaction, the chief financial officer now owns 13,888 shares in the company, valued at approximately $476,775.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Bryn Fosburgh sold 38,195 shares of the business’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $40.21, for a total value of $1,535,820.95. The disclosure for this sale can be found here. Insiders sold a total of 111,251 shares of company stock worth $4,504,418 in the last 90 days. Company insiders own 1.40% of the company’s stock.



Shares of NASDAQ TRMB opened at $44.11 on Friday. Trimble Inc has a twelve month low of $32.01 and a twelve month high of $45.70. The company has a market capitalization of $10.82 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.58 and a beta of 2.47. The company has a current ratio of 1.93, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

Trimble (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 1st. The scientific and technical instruments company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Trimble had a return on equity of 15.46% and a net margin of 4.93%. The firm had revenue of $785.50 million for the quarter, compared to the consensus estimate of $776.31 million. During the same quarter in the previous year, the business earned $0.38 EPS. The company’s revenue was up 19.0% compared to the same quarter last year. analysts forecast that Trimble Inc will post 1.62 EPS for the current fiscal year.

TRMB has been the subject of a number of recent research reports. Zacks Investment Research lowered Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Goldman Sachs Group lowered Trimble from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, June 6th. ValuEngine upgraded Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Edward Jones upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Finally, BidaskClub upgraded Trimble from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 29th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.38.

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: Fiduciary

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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