Avestar Capital LLC Purchases 775 Shares of Trimble Inc. (NASDAQ:TRMB)

Avestar Capital LLC lifted its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,975 shares of the scientific and technical instruments company’s stock after acquiring an additional 775 shares during the quarter. Avestar Capital LLC’s holdings in Trimble were worth $619,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC lifted its stake in shares of Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after acquiring an additional 479 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Trimble in the second quarter worth approximately $48,000. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble in the third quarter worth $49,000. Finally, Cromwell Holdings LLC raised its holdings in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after buying an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analyst Ratings Changes

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

Trimble Price Performance

Shares of NASDAQ TRMB opened at $72.37 on Wednesday. The company has a 50 day simple moving average of $63.95 and a two-hundred day simple moving average of $58.49. Trimble Inc. has a fifty-two week low of $43.70 and a fifty-two week high of $74.22. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 3.12 and a beta of 1.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

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.