GTS Securities LLC Sells 14,242 Shares of Trimble Inc. (NASDAQ:TRMB)

GTS Securities LLC cut its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 80.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,558 shares of the scientific and technical instruments company's stock after selling 14,242 shares during the quarter. GTS Securities LLC's holdings in Trimble were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in shares of Trimble by 4.3% during the 3rd quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after buying an additional 30,457 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Trimble during the 4th quarter valued at about $596,000. Brighton Jones LLC bought a new stake in Trimble during the fourth quarter worth about $211,000. PFG Investments LLC purchased a new stake in Trimble in the fourth quarter worth about $204,000. Finally, Blue Trust Inc. increased its stake in shares of Trimble by 93.7% during the fourth quarter. Blue Trust Inc. now owns 2,400 shares of the scientific and technical instruments company's stock valued at $170,000 after purchasing an additional 1,161 shares in the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Stock Up 1.3%

TRMB traded up $0.92 during trading on Tuesday, hitting $71.76. 711,938 shares of the company's stock traded hands, compared to its average volume of 1,397,965. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.09 and a beta of 1.67. The company's 50 day simple moving average is $64.52 and its two-hundred day simple moving average is $69.60. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. 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 (NASDAQ:TRMB - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Trimble had a return on equity of 10.56% and a net margin of 40.84%. The company had revenue of $840.60 million for the quarter, compared to analysts' expectations of $810.45 million. During the same period last year, the firm posted $0.64 earnings per share. Trimble's revenue was down 11.8% compared to the same quarter last year. Analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kaigham Gabriel sold 6,511 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $71.69, for a total transaction of $466,773.59. Following the completion of the transaction, the director now directly owns 17,939 shares of the company's stock, valued at $1,286,046.91. The trade was a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $84.00 price target on shares of Trimble in a research report on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on Trimble from $84.00 to $88.00 and gave the stock an "overweight" rating in a report on Wednesday, May 14th. Wall Street Zen cut Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a report on Thursday, February 20th. Finally, Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $88.43.

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.