United Services Automobile Association acquired a new position in Trimble Navigation Ltd. (NASDAQ:TRMB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,920 shares of the scientific and technical instruments company’s stock, valued at approximately $254,000.
A number of other institutional investors have also recently bought and sold shares of the company. Gulf International Bank UK Ltd boosted its stake in Trimble Navigation by 8.9% in the first quarter. Gulf International Bank UK Ltd now owns 77,922 shares of the scientific and technical instruments company’s stock worth $2,494,000 after buying an additional 6,400 shares in the last quarter. Creative Planning boosted its stake in Trimble Navigation by 0.3% in the first quarter. Creative Planning now owns 17,341 shares of the scientific and technical instruments company’s stock worth $555,000 after buying an additional 51 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its stake in Trimble Navigation by 1.5% in the first quarter. Franklin Street Advisors Inc. NC now owns 85,640 shares of the scientific and technical instruments company’s stock worth $2,741,000 after buying an additional 1,230 shares in the last quarter. Teachers Advisors LLC boosted its stake in Trimble Navigation by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 768,060 shares of the scientific and technical instruments company’s stock worth $23,157,000 after buying an additional 68,844 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in Trimble Navigation during the fourth quarter worth approximately $525,000. Institutional investors and hedge funds own 90.49% of the company’s stock.
Trimble Navigation Ltd. (NASDAQ:TRMB) traded down 0.98% during midday trading on Friday, hitting $37.43. The company had a trading volume of 915,034 shares. The stock has a market capitalization of $9.47 billion, a PE ratio of 58.48 and a beta of 2.30. The stock has a 50 day moving average price of $36.84 and a 200-day moving average price of $33.52. Trimble Navigation Ltd. has a 52 week low of $25.30 and a 52 week high of $39.00.
Trimble Navigation (NASDAQ:TRMB) last announced its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The business had revenue of $613.90 million for the quarter, compared to analysts’ expectations of $605.32 million. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Trimble Navigation Ltd. will post $1.39 EPS for the current year.
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A number of research firms have recently commented on TRMB. Zacks Investment Research cut Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $39.00 target price (up from $38.00) on shares of Trimble Navigation in a research note on Tuesday, June 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $39.00 target price on shares of Trimble Navigation in a research note on Wednesday, July 12th. Dougherty & Co raised Trimble Navigation from a “neutral” rating to a “buy” rating in a research note on Friday, April 28th. Finally, Craig Hallum increased their target price on Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.00.
In related news, Director Kaigham Gabriel sold 6,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $35.53, for a total transaction of $213,180.00. Following the transaction, the director now directly owns 10,670 shares in the company, valued at approximately $379,105.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert G. Painter sold 3,000 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $35.87, for a total value of $107,610.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,263 shares of company stock worth $7,170,488. 1.40% of the stock is owned by company insiders.
About Trimble Navigation
Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.
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