Retirement Systems of Alabama raised its stake in Trimble Navigation Ltd. (NASDAQ:TRMB) by 48.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 481,096 shares of the company’s stock after buying an additional 157,220 shares during the period. Retirement Systems of Alabama owned approximately 0.19% of Trimble Navigation worth $13,740,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in TRMB. Timber Hill LLC acquired a new stake in shares of Trimble Navigation during the third quarter valued at $221,000. Carderock Capital Management Inc. purchased a new position in Trimble Navigation during the third quarter valued at approximately $258,000. Aperio Group LLC increased its position in Trimble Navigation by 9.0% in the third quarter. Aperio Group LLC now owns 54,224 shares of the company’s stock valued at $1,549,000 after buying an additional 4,481 shares in the last quarter. Quantitative Investment Management LLC increased its position in Trimble Navigation by 186.8% in the third quarter. Quantitative Investment Management LLC now owns 88,900 shares of the company’s stock valued at $2,538,000 after buying an additional 57,900 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Trimble Navigation by 2.1% in the third quarter. Mutual of America Capital Management LLC now owns 189,367 shares of the company’s stock valued at $5,408,000 after buying an additional 3,895 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.42% during midday trading on Wednesday, reaching $28.46. The company had a trading volume of 336,346 shares. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 60.55 and a beta of 2.23. The company has a 50-day moving average price of $27.96 and a 200-day moving average price of $26.75. Trimble Navigation Ltd. has a one year low of $18.36 and a one year high of $29.79.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Trimble Navigation had a return on equity of 11.06% and a net margin of 5.08%. The firm earned $584.10 million during the quarter, compared to analyst estimates of $600.09 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. On average, equities analysts expect that Trimble Navigation Ltd. will post $1.17 earnings per share for the current year.

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TRMB has been the subject of several research reports. Zacks Investment Research downgraded Trimble Navigation from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $32.00 target price on shares of Trimble Navigation in a research report on Tuesday, September 13th. Dougherty & Co dropped their target price on Trimble Navigation from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, November 4th. JPMorgan Chase & Co. set a $29.00 target price on Trimble Navigation and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, TheStreet downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.90.

In other Trimble Navigation news, VP Jurgen Kliem sold 35,300 shares of Trimble Navigation stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $29.00, for a total transaction of $1,023,700.00. Following the completion of the sale, the vice president now owns 46,553 shares of the company’s stock, valued at $1,350,037. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Darryl R. Matthews sold 5,714 shares of Trimble Navigation stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $27.39, for a total value of $156,506.46. Following the sale, the senior vice president now directly owns 8,401 shares of the company’s stock, valued at approximately $230,103.39. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Trimble Navigation Company Profile

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