Trimble Target of Unusually High Options Trading (TRMB)
Trimble Inc (NASDAQ:TRMB) was the recipient of unusually large options trading on Thursday. Stock investors bought 698 call options on the company. This is an increase of 1,269% compared to the average volume of 51 call options.
NASDAQ:TRMB opened at $36.92 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.08 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $9.31 billion, a PE ratio of 23.31, a P/E/G ratio of 2.12 and a beta of 2.42. Trimble has a one year low of $32.01 and a one year high of $45.70.
Trimble (NASDAQ:TRMB) last posted its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $804.70 million during the quarter, compared to analysts’ expectations of $806.12 million. Trimble had a return on equity of 16.21% and a net margin of 5.32%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. Sell-side analysts expect that Trimble will post 1.67 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Trimble by 215.3% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,396 shares of the scientific and technical instruments company’s stock worth $104,000 after purchasing an additional 1,636 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Trimble in the 3rd quarter worth $108,000. Korea Investment CORP purchased a new stake in shares of Trimble in the 2nd quarter worth $131,000. Commerce Bank purchased a new stake in shares of Trimble in the 3rd quarter worth $211,000. Finally, Redpoint Investment Management Pty Ltd purchased a new stake in shares of Trimble in the 3rd quarter worth $241,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Trimble from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Robert W. Baird boosted their target price on shares of Trimble from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, November 2nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Trimble has an average rating of “Buy” and an average target price of $44.20.
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Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.
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