Alpine Peaks Capital LP Has $7.21 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Alpine Peaks Capital LP reduced its position in Trimble Inc. (NASDAQ:TRMB) by 36.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 101,983 shares of the scientific and technical instruments company’s stock after selling 58,833 shares during the quarter. Trimble comprises 5.9% of Alpine Peaks Capital LP’s investment portfolio, making the stock its 4th largest holding. Alpine Peaks Capital LP’s holdings in Trimble were worth $7,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Trimble during the fourth quarter valued at about $190,391,000. Boston Partners increased its stake in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after purchasing an additional 2,312,937 shares in the last quarter. TimesSquare Capital Management LLC acquired a new position in Trimble during the 4th quarter valued at approximately $50,041,000. JPMorgan Chase & Co. lifted its stake in shares of Trimble by 69.4% during the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock worth $89,837,000 after buying an additional 520,980 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Trimble by 1,064.6% during the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company’s stock valued at $32,257,000 after buying an additional 417,313 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMB has been the subject of a number of research analyst reports. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. StockNews.com downgraded Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Finally, Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $86.00.

Insider Activity at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred 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 sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Trimble Trading Up 2.6 %

Shares of NASDAQ:TRMB opened at $59.51 on Thursday. The company has a current ratio of 1.27, 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 business has a 50 day moving average of $65.84 and a two-hundred day moving average of $68.80. The company has a market capitalization of $14.63 billion, a PE ratio of 9.77, a PEG ratio of 3.09 and a beta of 1.57.

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.