Trimble Inc. (NASDAQ:TRMB) Stock Holdings Boosted by Trexquant Investment LP

Trexquant Investment LP increased its holdings in Trimble Inc. (NASDAQ:TRMB) by 163.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,934 shares of the scientific and technical instruments company’s stock after buying an additional 159,242 shares during the quarter. Trexquant Investment LP owned about 0.10% of Trimble worth $18,155,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new position in shares of Trimble during the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Trimble in the 4th quarter valued at about $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble during the 4th quarter worth about $36,000. TD Private Client Wealth LLC raised its position in shares of Trimble by 722.2% during the 3rd 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 in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 0.4 %

TRMB opened at $65.38 on Wednesday. The company has a market capitalization of $16.07 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business has a 50-day moving average of $71.74 and a 200-day moving average of $69.16. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRMB. Piper Sandler reissued an “overweight” rating and set a $84.00 target price on shares of Trimble in a report on Wednesday, December 11th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Oppenheimer raised their target price on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $86.00.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 in the last three months. Company insiders own 0.47% of the company’s stock.

Trimble Company Profile

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.