GSA Capital Partners LLP Buys 2,231 Shares of Trimble Inc. (NASDAQ:TRMB)

GSA Capital Partners LLP increased its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 27.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,477 shares of the scientific and technical instruments company’s stock after buying an additional 2,231 shares during the period. GSA Capital Partners LLP’s holdings in Trimble were worth $651,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Trimble by 1,387.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock worth $215,176,000 after buying an additional 3,589,249 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Trimble by 7.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after purchasing an additional 239,673 shares during the period. Impax Asset Management Group plc boosted its holdings in Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the period. Lazard Asset Management LLC boosted its holdings in Trimble by 25.4% in the 1st quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock valued at $164,087,000 after purchasing an additional 516,789 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Trimble by 24.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock valued at $102,842,000 after purchasing an additional 361,421 shares during the period. Institutional investors own 93.21% of the company’s stock.

Trimble Price Performance

TRMB stock opened at $69.88 on Tuesday. The company has a 50 day simple moving average of $62.43 and a 200 day simple moving average of $57.96. The stock has a market cap of $17.07 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 3.02 and a beta of 1.49. Trimble Inc. has a 1 year low of $42.85 and a 1 year high of $74.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday. Robert W. Baird upped their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler upped their price target on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

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.