Cambridge Investment Research Advisors Inc. Sells 4,825 Shares of Trimble Inc. (NASDAQ:TRMB)

Cambridge Investment Research Advisors Inc. cut its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 20.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,239 shares of the scientific and technical instruments company's stock after selling 4,825 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Trimble were worth $1,263,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Trimble by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after buying an additional 183,150 shares in the last quarter. Select Equity Group L.P. boosted its holdings in shares of Trimble by 22.4% during the 4th quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company's stock worth $717,506,000 after buying an additional 1,857,517 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trimble by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after buying an additional 138,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Trimble by 2.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company's stock worth $390,909,000 after buying an additional 134,277 shares in the last quarter. Finally, Contour Asset Management LLC boosted its holdings in shares of Trimble by 4.4% during the 4th quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company's stock worth $330,772,000 after buying an additional 197,913 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors.

Trimble Stock Up 1.2%

NASDAQ TRMB traded up $0.96 on Friday, reaching $78.82. The company had a trading volume of 805,580 shares, compared to its average volume of 1,391,158. The stock has a market capitalization of $18.81 billion, a P/E ratio of 12.86, a P/E/G ratio of 3.36 and a beta of 1.67. The company's fifty day moving average is $70.97 and its 200 day moving average is $69.74. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $78.99. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 0.26.

Trimble (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $840.60 million during the quarter, compared to analyst estimates of $810.45 million. Trimble had a return on equity of 9.87% and a net margin of 42.40%. Trimble's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. Sell-side analysts anticipate that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on TRMB. JPMorgan Chase & Co. increased their price target on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Thursday, May 8th. Finally, Wall Street Zen lowered Trimble from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Trimble presently has an average rating of "Buy" and an average target price of $88.43.

Insider Activity

In other news, Director Kaigham Gabriel sold 6,511 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the sale, the director directly owned 17,939 shares of the company's stock, valued at $1,286,046.91. This trade represents a 26.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Trimble 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.