UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 154,248 Shares of Trimble Inc. (NASDAQ:TRMB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,397,978 shares of the scientific and technical instruments company’s stock after selling 154,248 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Trimble were worth $335,160,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after acquiring an additional 1,594,732 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Trimble by 7.0% during the second quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after buying an additional 239,673 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after buying an additional 434,065 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after buying an additional 676,954 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Trimble by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock worth $102,842,000 after buying an additional 361,421 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

NASDAQ:TRMB opened at $72.97 on Friday. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 3.10 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a 50 day moving average price of $64.77 and a 200-day moving average price of $58.79. Trimble Inc. has a 1-year low of $45.61 and a 1-year high of $74.22.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TRMB shares. Oppenheimer restated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Piper Sandler increased their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird boosted their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their target price on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.40.

About Trimble

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.