Avestar Capital LLC Lowers Stake in Trimble Inc. (NASDAQ:TRMB)

Avestar Capital LLC lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,181 shares of the scientific and technical instruments company’s stock after selling 794 shares during the quarter. Avestar Capital LLC’s holdings in Trimble were worth $649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 520 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble in the third quarter worth $49,000. Friedenthal Financial purchased a new stake in shares of Trimble in the fourth quarter worth $49,000. Cromwell Holdings LLC increased its holdings in shares of Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 375 shares in the last quarter. Finally, Mather Group LLC. raised its position in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Up 0.5 %

Shares of Trimble stock opened at $73.66 on Friday. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $73.34 and its 200 day moving average is $65.40. The company has a market cap of $18.10 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.

Analyst Upgrades and Downgrades

TRMB has been the topic of several recent analyst reports. Sanford C. Bernstein increased their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Monday, December 16th. Finally, Oppenheimer increased their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus price target of $84.86.

Insider Buying and Selling at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.47% of the company’s stock.

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.