Teza Capital Management LLC Sells 6,588 Shares of Trimble Inc. (NASDAQ:TRMB)

Teza Capital Management LLC trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,848 shares of the scientific and technical instruments company's stock after selling 6,588 shares during the quarter. Teza Capital Management LLC's holdings in Trimble were worth $3,876,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMB. Barclays PLC grew its position in shares of Trimble by 4.3% in 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 purchasing an additional 30,457 shares during the period. Avanza Fonder AB bought a new position in Trimble in the fourth quarter valued at approximately $1,844,000. Merit Financial Group LLC acquired a new position in shares of Trimble in the fourth quarter valued at approximately $602,000. Sax Wealth Advisors LLC increased its position in shares of Trimble by 24.8% during the fourth quarter. Sax Wealth Advisors LLC now owns 5,322 shares of the scientific and technical instruments company's stock worth $376,000 after acquiring an additional 1,059 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Trimble by 3,560.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 16,765 shares of the scientific and technical instruments company's stock worth $1,185,000 after acquiring an additional 16,307 shares during the period. Institutional investors and hedge funds own 93.21% of the company's stock.

Trimble Stock Down 0.3%

TRMB stock traded down $0.24 during mid-day trading on Friday, reaching $70.55. The company had a trading volume of 268,046 shares, compared to its average volume of 1,386,885. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 3.09 and a beta of 1.67. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a 50 day simple moving average of $64.45 and a two-hundred day simple moving average of $69.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

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 during the quarter, compared to the consensus estimate of $810.45 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, equities analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Corporate insiders own 0.54% 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.