Ameritas Investment Partners Inc. boosted its holdings in Trimble Navigation Ltd. (NASDAQ:TRMB) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,680 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,310 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Trimble Navigation were worth $2,700,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its holdings in Trimble Navigation by 17.2% in the second quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after purchasing an additional 500 shares during the period. Acadian Asset Management LLC acquired a new position in Trimble Navigation in the second quarter worth $134,000. Advisor Group Inc. boosted its holdings in Trimble Navigation by 3.7% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares during the period. FNY Partners Fund LP boosted its holdings in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after purchasing an additional 2,000 shares during the period. Finally, Thompson Siegel & Walmsley LLC acquired a new position in Trimble Navigation in the second quarter worth $168,000. 89.85% of the stock is owned by hedge funds and other institutional investors.
Shares of Trimble Navigation Ltd. (TRMB) traded up 0.49% during trading on Thursday, hitting $40.79. 129,226 shares of the stock traded hands. The firm’s 50-day moving average price is $39.40 and its 200-day moving average price is $36.45. Trimble Navigation Ltd. has a 52 week low of $25.30 and a 52 week high of $40.87. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 59.12 and a beta of 2.30.
Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The company had revenue of $661.90 million during the quarter, compared to the consensus estimate of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. On average, equities research analysts anticipate that Trimble Navigation Ltd. will post $1.43 earnings per share for the current year.
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TRMB has been the subject of a number of research reports. Dougherty & Co lifted their price objective on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective (up previously from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Craig Hallum reaffirmed a “hold” rating and issued a $36.00 price objective (up previously from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.11.
In related 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 transaction, the director now owns 26,004 shares in the company, valued at $981,911.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James A. Kirkland sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the completion of the transaction, the vice president now owns 31,781 shares in the company, valued at approximately $1,194,965.60. The disclosure for this sale can be found here. Insiders have sold 252,688 shares of company stock worth $9,616,521 in the last 90 days. Company insiders own 1.40% of the company’s stock.
About Trimble Navigation
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.
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