Pacer Advisors Inc. Has $1.27 Million Stake in Trimble Inc. (NASDAQ:TRMB)

Pacer Advisors Inc. decreased its position in Trimble Inc. (NASDAQ:TRMB) by 30.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,318 shares of the scientific and technical instruments company’s stock after selling 8,270 shares during the period. Pacer Advisors Inc.’s holdings in Trimble were worth $1,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Select Equity Group L.P. increased its stake in Trimble by 22.4% in the fourth quarter. Select Equity Group L.P. now owns 10,154,341 shares of the scientific and technical instruments company’s stock valued at $717,506,000 after purchasing an additional 1,857,517 shares in the last quarter. Geode Capital Management LLC increased its stake in Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company’s stock valued at $425,427,000 after purchasing an additional 138,136 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Trimble by 2.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,532,255 shares of the scientific and technical instruments company’s stock valued at $390,909,000 after purchasing an additional 134,277 shares in the last quarter. Contour Asset Management LLC increased its stake in Trimble by 4.4% in the fourth quarter. Contour Asset Management LLC now owns 4,681,182 shares of the scientific and technical instruments company’s stock valued at $330,772,000 after purchasing an additional 197,913 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Trimble by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,794,854 shares of the scientific and technical instruments company’s stock valued at $197,483,000 after purchasing an additional 26,223 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Trading Up 0.6%

TRMB opened at $85.19 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.84 and a quick ratio of 0.72. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $86.42. The firm has a market capitalization of $20.33 billion, a PE ratio of 13.90, a P/E/G ratio of 3.61 and a beta of 1.67. The company’s 50-day moving average is $76.21 and its 200 day moving average is $71.07.

Trimble (NASDAQ:TRMB) last posted its earnings results on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. Trimble had a net margin of 42.40% and a return on equity of 9.87%. The company had revenue of $840.60 million for the quarter, compared to analyst estimates of $810.45 million. During the same quarter in the prior year, the business posted $0.64 EPS. The firm’s revenue was down 11.8% compared to the same quarter last year. As a group, research analysts predict that Trimble Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Oppenheimer lifted their price target on shares of Trimble from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trimble has an average rating of “Buy” and an average target price of $89.14.

Insider Activity

In related news, VP Jennifer Allison sold 3,156 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $252,480.00. Following the transaction, the vice president directly owned 2,882 shares in the company, valued at approximately $230,560. The trade was a 52.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert G. Painter sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $78.86, for a total transaction of $591,450.00. Following the transaction, the chief executive officer owned 114,879 shares in the company, valued at approximately $9,059,357.94. This trade represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,047 shares of company stock valued at $1,538,152 in the last three months. 0.54% of the stock is owned by company insiders.

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.