Universal Beteiligungs und Servicegesellschaft mbH Boosts Stock Position in Trimble Inc. $TRMB

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Trimble Inc. (NASDAQ:TRMB) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 293,918 shares of the scientific and technical instruments company’s stock after purchasing an additional 20,547 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Trimble were worth $22,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new stake in Trimble in the 2nd quarter valued at $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Trimble during the 2nd quarter worth $48,000. Flaharty Asset Management LLC acquired a new position in shares of Trimble during the 1st quarter valued at about $45,000. Steph & Co. grew its holdings in shares of Trimble by 592.0% in the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 592 shares during the period. Finally, State of Wyoming acquired a new stake in Trimble during the first quarter worth about $58,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TRMB. Barclays initiated coverage on shares of Trimble in a report on Tuesday, October 7th. They issued an “overweight” rating and a $100.00 target price on the stock. Wells Fargo & Company began coverage on shares of Trimble in a research report on Thursday, November 13th. They set an “overweight” rating and a $94.00 price target on the stock. Zacks Research upgraded Trimble from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. raised their target price on Trimble from $96.00 to $98.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $97.00 price target on shares of Trimble in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $94.18.

Insider Transactions at Trimble

In other news, CEO Robert G. Painter sold 7,500 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $79.50, for a total transaction of $596,250.00. Following the sale, the chief executive officer owned 84,879 shares of the company’s stock, valued at approximately $6,747,880.50. This represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kaigham Gabriel sold 1,718 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $81.00, for a total transaction of $139,158.00. Following the completion of the transaction, the director directly owned 15,170 shares of the company’s stock, valued at approximately $1,228,770. The trade was a 10.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,692 shares of company stock worth $1,954,986 in the last 90 days. Insiders own 0.54% of the company’s stock.

Trimble Stock Down 0.2%

Trimble stock opened at $75.42 on Wednesday. The company has a market capitalization of $17.94 billion, a PE ratio of 65.02, a price-to-earnings-growth ratio of 3.26 and a beta of 1.66. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. Trimble Inc. has a fifty-two week low of $52.91 and a fifty-two week high of $87.50. The firm has a 50 day moving average price of $79.72 and a 200 day moving average price of $77.97.

Trimble (NASDAQ:TRMB) last released its quarterly earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 EPS for the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%.The company had revenue of $856.50 million for the quarter. Research analysts expect that Trimble Inc. will post 2.37 earnings per share for the current year.

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.