Acadian Asset Management LLC purchased a new position in Trimble Navigation Ltd. (NASDAQ:TRMB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,767 shares of the scientific and technical instruments company’s stock, valued at approximately $134,000.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after buying an additional 22,242,969 shares during the period. Vanguard Group Inc. increased its stake in Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after buying an additional 879,694 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock worth $102,169,000 after buying an additional 826,494 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock worth $29,555,000 after buying an additional 564,878 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock worth $15,687,000 after buying an additional 463,364 shares during the last quarter. Institutional investors own 89.72% of the company’s stock.

Trimble Navigation Ltd. (TRMB) traded up 0.70% during midday trading on Friday, hitting $37.47. 389,930 shares of the stock were exchanged. The company has a 50 day moving average price of $37.16 and a 200 day moving average price of $34.21. The firm has a market capitalization of $9.49 billion, a price-to-earnings ratio of 54.30 and a beta of 2.31. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45.

Trimble Navigation (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities analysts anticipate that Trimble Navigation Ltd. will post $1.43 EPS for the current year.

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A number of analysts recently commented on TRMB shares. Dougherty & Co boosted their target price on shares of Trimble Navigation from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price (up from $37.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $41.00 target price (up from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Craig Hallum reiterated a “hold” rating and issued a $36.00 target price (up from $30.00) on shares of Trimble Navigation in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Trimble Navigation presently has an average rating of “Buy” and a consensus target price of $40.57.

In related news, VP James A. Kirkland sold 10,000 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the sale, the vice president now directly owns 31,781 shares in the company, valued at approximately $1,194,965.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Merit E. Janow sold 33,334 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the completion of the sale, the director now owns 26,004 shares in the company, valued at $981,911.04. The disclosure for this sale can be found here. Insiders sold a total of 110,061 shares of company stock worth $4,032,293 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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

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