Beacon Investment Advisory Services Inc. Sells 1,650 Shares of Trimble Inc. (NASDAQ:TRMB)

Beacon Investment Advisory Services Inc. cut its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,525 shares of the scientific and technical instruments company’s stock after selling 1,650 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Trimble were worth $2,298,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TRMB. Janney Montgomery Scott LLC bought a new position in shares of Trimble during the 4th quarter valued at approximately $596,000. Westside Investment Management Inc. boosted its position in shares of Trimble by 1.2% in the fourth quarter. Westside Investment Management Inc. now owns 20,552 shares of the scientific and technical instruments company’s stock worth $1,452,000 after purchasing an additional 247 shares during the period. Genesis Private Wealth LLC bought a new stake in shares of Trimble during the 4th quarter valued at $203,000. Simon Quick Advisors LLC lifted its stake in shares of Trimble by 34.1% during the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company’s stock valued at $963,000 after buying an additional 3,465 shares in the last quarter. Finally, Lmcg Investments LLC purchased a new stake in Trimble in the 4th quarter worth $3,283,000. Institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $84.86.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $77.40 on Thursday. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.73. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 3.17 and a beta of 1.52. The firm’s fifty day moving average is $72.46 and its 200 day moving average is $63.39. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.