Mount Yale Investment Advisors LLC Buys 3,223 Shares of Trimble Inc. (NASDAQ:TRMB)

Mount Yale Investment Advisors LLC lifted its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 80.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,221 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,223 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Trimble were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after acquiring an additional 1,594,732 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after acquiring an additional 676,954 shares in the last quarter. Impax Asset Management Group plc grew its position 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 worth $169,978,000 after purchasing an additional 434,065 shares in the last quarter. Sora Investors LLC purchased a new stake in shares of Trimble during the third quarter valued at approximately $22,663,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Trimble by 132.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company’s stock worth $32,397,000 after purchasing an additional 296,893 shares during the period. 93.21% of the stock is owned by institutional investors.

Trimble Stock Performance

NASDAQ:TRMB opened at $75.27 on Wednesday. The stock has a market cap of $18.50 billion, a P/E ratio of 12.59, a PEG ratio of 3.21 and a beta of 1.52. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $72.97 and its two-hundred day moving average price is $64.02. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TRMB shares. Oppenheimer upped their price objective on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $84.86.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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.