Southeast Asset Advisors LLC Has $4.68 Million Position in Trimble Inc. (NASDAQ:TRMB)

Southeast Asset Advisors LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 66,207 shares of the scientific and technical instruments company’s stock after buying an additional 2,964 shares during the quarter. Trimble comprises about 0.6% of Southeast Asset Advisors LLC’s portfolio, making the stock its 28th largest holding. Southeast Asset Advisors LLC’s holdings in Trimble were worth $4,678,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Public Sector Pension Investment Board lifted its position in Trimble by 12.8% during the third quarter. Public Sector Pension Investment Board now owns 10,584 shares of the scientific and technical instruments company’s stock worth $657,000 after acquiring an additional 1,200 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Trimble by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 60,905 shares of the scientific and technical instruments company’s stock worth $3,782,000 after purchasing an additional 1,744 shares during the last quarter. Investment Management Corp of Ontario boosted its stake in Trimble by 45.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,040 shares of the scientific and technical instruments company’s stock valued at $499,000 after purchasing an additional 2,500 shares during the period. Worldquant Millennium Advisors LLC grew its holdings in Trimble by 768.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Trimble by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 16,888 shares of the scientific and technical instruments company’s stock worth $1,049,000 after buying an additional 551 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Trimble stock opened at $56.51 on Monday. The stock has a market cap of $13.89 billion, a PE ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a quick ratio of 1.07, a current ratio of 1.27 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’s 50-day moving average price is $70.76 and its two-hundred day moving average price is $69.22.

Insider Activity at Trimble

In related news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 of the company’s stock, 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. In the last three months, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRMB shares. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Monday, December 16th. Robert W. Baird increased their price target on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $86.00.

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.