Trimble Navigation Ltd. (NASDAQ:TRMB) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 512.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 40,912 shares of the scientific and technical instruments company’s stock after buying an additional 34,229 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Trimble Navigation were worth $1,459,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Winslow Evans & Crocker Inc. boosted its stake in shares of Trimble Navigation by 27.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 40,986 shares of the scientific and technical instruments company’s stock valued at $1,312,000 after buying an additional 8,950 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Trimble Navigation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 102,500 shares of the scientific and technical instruments company’s stock valued at $3,281,000 after buying an additional 1,600 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Trimble Navigation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock valued at $40,337,000 after buying an additional 85,816 shares during the last quarter. Johanson Financial Advisors Inc. purchased a new position in shares of Trimble Navigation during the first quarter valued at $4,948,000. Finally, AXA boosted its position in shares of Trimble Navigation by 34.5% in the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock valued at $25,612,000 after buying an additional 205,120 shares during the last quarter. 90.40% of the stock is currently owned by institutional investors.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 36.48 on Friday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 52.87 and a beta of 2.31. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45. The company has a 50-day moving average of $37.06 and a 200 day moving average of $34.00.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 7.25% and a return on equity of 12.71%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 EPS. Equities research analysts forecast that Trimble Navigation Ltd. will post $1.43 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “Trimble Navigation Ltd. (NASDAQ:TRMB) Shares Bought by Mn Services Vermogensbeheer B.V.” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/08/12/trimble-navigation-ltd-nasdaqtrmb-stake-increased-by-mn-services-vermogensbeheer-b-v-updated-updated.html.

Several research analysts have recently weighed in on TRMB shares. Needham & Company LLC boosted their price target on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Finally, Craig Hallum boosted their price target on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.00.

In other Trimble Navigation news, Director Merit E. Janow sold 33,334 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $37.76, for a total value of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP James A. Kirkland sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.60, for a total value of $376,000.00. Following the completion of the sale, the vice president now directly owns 31,781 shares in the company, valued at $1,194,965.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,061 shares of company stock worth $4,032,293. 1.40% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

What are top analysts saying about Trimble Navigation Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Trimble Navigation Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit