American Capital Management Inc. grew its holdings in shares of Trimble Inc (NASDAQ:TRMB) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 822,732 shares of the scientific and technical instruments company’s stock after purchasing an additional 20,020 shares during the quarter. Trimble accounts for approximately 2.0% of American Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. American Capital Management Inc.’s holdings in Trimble were worth $33,436,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. First Quadrant L P CA lifted its stake in shares of Trimble by 5.5% during the 4th quarter. First Quadrant L P CA now owns 642,483 shares of the scientific and technical instruments company’s stock worth $26,111,000 after purchasing an additional 33,431 shares during the period. Jag Capital Management LLC increased its holdings in shares of Trimble by 1.2% during the 4th quarter. Jag Capital Management LLC now owns 424,069 shares of the scientific and technical instruments company’s stock worth $17,234,000 after buying an additional 4,868 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Trimble during the 4th quarter worth $718,000. Oakbrook Investments LLC increased its holdings in shares of Trimble by 7.7% during the 4th quarter. Oakbrook Investments LLC now owns 21,560 shares of the scientific and technical instruments company’s stock worth $876,000 after buying an additional 1,540 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Trimble by 94.6% during the 4th quarter. Acadian Asset Management LLC now owns 43,336 shares of the scientific and technical instruments company’s stock worth $1,762,000 after buying an additional 21,065 shares during the last quarter. 90.92% of the stock is currently owned by institutional investors.

Shares of Trimble Inc (NASDAQ:TRMB) traded down $0.10 during midday trading on Tuesday, reaching $44.49. The company had a trading volume of 362,700 shares, compared to its average volume of 837,686. Trimble Inc has a 52-week low of $28.61 and a 52-week high of $44.75. The firm has a market cap of $11,190.00, a P/E ratio of 58.54, a P/E/G ratio of 2.71 and a beta of 2.36. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Trimble had a return on equity of 12.97% and a net margin of 7.66%. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $660.11 million. During the same period in the prior year, the firm earned $0.33 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. equities analysts predict that Trimble Inc will post 1.27 earnings per share for the current fiscal year.

Trimble announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, November 15th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of analysts have recently commented on the company. BidaskClub upgraded Trimble from a “hold” rating to a “buy” rating in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of Trimble in a report on Sunday, October 29th. Oppenheimer upped their price objective on Trimble from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Wells Fargo & Co upped their price objective on Trimble from $34.00 to $37.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Trimble from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.60.

In related news, SVP Darryl R. Matthews sold 1,094 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $40.51, for a total value of $44,317.94. Following the completion of the sale, the senior vice president now directly owns 4,475 shares in the company, valued at approximately $181,282.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ronald S. Nersesian sold 55,000 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $40.13, for a total value of $2,207,150.00. Following the completion of the sale, the director now owns 46,820 shares of the company’s stock, valued at $1,878,886.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,278 shares of company stock valued at $12,969,243. 1.40% of the stock is owned by insiders.

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Trimble Profile

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 (NASDAQ:TRMB)

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