Ameritas Advisory Services LLC Invests $48,000 in Trimble Inc. $TRMB

Ameritas Advisory Services LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 630 shares of the scientific and technical instruments company’s stock, valued at approximately $48,000.

Other institutional investors have also recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new stake in shares of Trimble during the first quarter worth about $45,000. Steph & Co. grew its position in shares of Trimble by 592.0% during the second quarter. Steph & Co. now owns 692 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 592 shares in the last quarter. State of Wyoming purchased a new stake in shares of Trimble during the first quarter worth about $58,000. Farther Finance Advisors LLC grew its position in shares of Trimble by 153.5% during the first quarter. Farther Finance Advisors LLC now owns 976 shares of the scientific and technical instruments company’s stock worth $64,000 after purchasing an additional 591 shares in the last quarter. Finally, Friedenthal Financial grew its holdings in Trimble by 64.7% during the 1st quarter. Friedenthal Financial now owns 1,153 shares of the scientific and technical instruments company’s stock valued at $76,000 after buying an additional 453 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, CEO Robert G. Painter sold 115,781 shares of Trimble stock in a transaction on Monday, August 11th. The stock was sold at an average price of $82.83, for a total value of $9,590,140.23. Following the transaction, the chief executive officer directly owned 114,879 shares in the company, valued at approximately $9,515,427.57. This trade represents a 50.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin Dalton sold 609 shares of Trimble stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $82.41, for a total value of $50,187.69. Following the completion of the transaction, the director owned 13,809 shares in the company, valued at $1,137,999.69. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,821 shares of company stock valued at $18,110,143 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

Trimble Price Performance

Shares of TRMB stock opened at $77.06 on Tuesday. Trimble Inc. has a 52-week low of $52.91 and a 52-week high of $87.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market capitalization of $18.34 billion, a P/E ratio of 66.43, a P/E/G ratio of 3.10 and a beta of 1.65. The stock has a 50 day moving average price of $81.12 and a 200 day moving average price of $74.41.

Trimble (NASDAQ:TRMB) last issued its earnings results on Friday, April 12th. The scientific and technical instruments company reported $0.60 earnings per share for the quarter. The business had revenue of $856.50 million during the quarter. Trimble had a return on equity of 10.24% and a net margin of 8.02%. As a group, sell-side analysts predict that Trimble Inc. will post 2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRMB has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Trimble from $96.00 to $98.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Barclays initiated coverage on Trimble in a report on Tuesday, October 7th. They set an “overweight” rating and a $100.00 price target for the company. Oppenheimer raised their price target on Trimble from $88.00 to $94.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Trimble in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Trimble from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $92.10.

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.