Tredje AP fonden Sells 27,833 Shares of Trimble Navigation Ltd. (TRMB)

Tredje AP fonden cut its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 26.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,350 shares of the scientific and technical instruments company’s stock after selling 27,833 shares during the period. Tredje AP fonden’s holdings in Trimble Navigation were worth $2,508,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRMB. Huntington National Bank raised its position in shares of Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock worth $146,000 after buying an additional 82 shares during the last quarter. IFP Advisors Inc raised its position in shares of Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 1,228 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Trimble Navigation during the first quarter worth approximately $155,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Trimble Navigation by 4.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,683 shares of the scientific and technical instruments company’s stock worth $200,000 after buying an additional 313 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Trimble Navigation by 12.5% in the first quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the scientific and technical instruments company’s stock worth $230,000 after buying an additional 800 shares during the last quarter. 90.63% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) traded up 0.58% on Friday, hitting $36.60. 1,754,348 shares of the company traded hands. Trimble Navigation Ltd. has a 1-year low of $23.65 and a 1-year high of $37.15. The firm has a market capitalization of $9.26 billion, a P/E ratio of 57.19 and a beta of 2.24. The firm’s 50-day moving average is $35.97 and its 200 day moving average is $32.07.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Thursday, April 27th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.01. Trimble Navigation had a return on equity of 12.28% and a net margin of 6.82%. The business had revenue of $613.90 million during the quarter, compared to analysts’ expectations of $605.32 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Trimble Navigation Ltd. will post $1.40 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Trimble Navigation in a research note on Tuesday. Zacks Investment Research raised shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Tuesday, May 30th. Dougherty & Co raised shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC increased their price target on shares of Trimble Navigation from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Craig Hallum increased their price target on shares of Trimble Navigation from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.00.

In related news, Director Steeg Nickolas Vande sold 41,717 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $35.80, for a total value of $1,493,468.60. Following the completion of the sale, the director now directly owns 56,370 shares of the company’s stock, valued at $2,018,046. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP James A. Kirkland sold 25,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $35.89, for a total transaction of $897,250.00. Following the completion of the transaction, the vice president now owns 45,887 shares of the company’s stock, valued at $1,646,884.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,263 shares of company stock valued at $7,170,488. 1.40% of the stock is owned by insiders.

About Trimble Navigation

Trimble Inc, formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves customers working in architecture, engineering, construction, geospatial and government.

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