V Square Quantitative Management LLC Lowers Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

V Square Quantitative Management LLC lowered its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,857 shares of the scientific and technical instruments company’s stock after selling 406 shares during the quarter. V Square Quantitative Management LLC’s holdings in Trimble were worth $485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRMB. TD Private Client Wealth LLC grew its holdings in shares of Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble during the third quarter worth about $49,000. Friedenthal Financial purchased a new position in shares of Trimble during the fourth quarter worth about $49,000. Cromwell Holdings LLC boosted its holdings in Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock valued at $52,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

TRMB stock opened at $74.29 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 3.14 and a beta of 1.53. The firm has a 50 day moving average of $73.33 and a 200-day moving average of $65.61.

Insider Buying and Selling

In related 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 transaction of $266,932.25. Following the completion of the transaction, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Oppenheimer lifted their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $84.86.

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.