Cipher Capital LP purchased a new position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,232 shares of the scientific and technical instruments company’s stock, valued at approximately $508,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of Trimble Navigation in the second quarter worth approximately $134,000. Twin Tree Management LP acquired a new stake in shares of Trimble Navigation in the first quarter worth approximately $124,000. IFP Advisors Inc boosted its position in shares of Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock worth $152,000 after acquiring an additional 1,228 shares during the last quarter. FNY Partners Fund LP boosted its position in shares of 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 acquiring an additional 2,000 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Trimble Navigation by 22.1% in the second quarter. Huntington National Bank now owns 5,560 shares of the scientific and technical instruments company’s stock worth $199,000 after acquiring an additional 1,008 shares during the last quarter. Institutional investors and hedge funds own 90.06% of the company’s stock.
In other Trimble Navigation news, SVP Darryl R. Matthews sold 3,714 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total transaction of $143,583.24. Following the completion of the sale, the senior vice president now owns 2,000 shares of the company’s stock, valued at $77,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Merit E. Janow sold 33,334 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders have sold 252,688 shares of company stock valued at $9,616,521 in the last ninety days. Company insiders own 1.40% of the company’s stock.
Shares of Trimble Navigation Ltd. (NASDAQ TRMB) opened at 38.87 on Monday. The stock’s 50 day moving average is $37.81 and its 200-day moving average is $35.04. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 56.33 and a beta of 2.28. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45.
Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (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 the consensus estimate of $643.05 million. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, analysts anticipate that Trimble Navigation Ltd. will post $1.43 EPS for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Piper Jaffray Companies set a $43.00 target price on shares of Trimble Navigation and gave the stock a “buy” rating in a research report on Friday, August 25th. Morgan Stanley raised their target price on shares of Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 17th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $39.00 price target (up from $38.00) on shares of Trimble Navigation in a research report on Tuesday, June 13th. Finally, BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Trimble Navigation currently has an average rating of “Buy” and an average price target of $40.75.
Trimble Navigation 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.
Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Navigation Ltd. (NASDAQ:TRMB).
Receive News & Ratings for Trimble Navigation Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble Navigation Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.