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

Avestar Capital LLC cut its stake in shares of Trimble Inc. (NASDAQ:TRMB) by 8.0% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Trimble by 34.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 38,534 shares of the scientific and technical instruments company’s stock valued at $2,686,000 after buying an additional 9,813 shares in the last quarter. Savant Capital LLC lifted its holdings in Trimble by 2.2% during the fourth quarter. Savant Capital LLC now owns 11,471 shares of the scientific and technical instruments company’s stock valued at $811,000 after purchasing an additional 247 shares in the last quarter. Empowered Funds LLC lifted its holdings in Trimble by 10.6% during the fourth quarter. Empowered Funds LLC now owns 6,416 shares of the scientific and technical instruments company’s stock valued at $453,000 after purchasing an additional 614 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Trimble by 5.8% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 11,776 shares of the scientific and technical instruments company’s stock worth $832,000 after purchasing an additional 650 shares during the period. Finally, Apollon Wealth Management LLC increased its stake in shares of Trimble by 5.5% in the fourth quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock worth $253,000 after purchasing an additional 188 shares in the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of several recent analyst reports. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Monday, December 16th. StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Oppenheimer lifted 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. Sanford C. Bernstein upped their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird increased their price objective on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble currently has an average rating of “Buy” and an average target price of $84.86.

Insider Transactions at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following 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 filing with the SEC, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Trimble Price Performance

Shares of Trimble stock opened at $73.66 on Friday. The firm has a market cap of $18.10 billion, a PE ratio of 12.32, a PEG ratio of 3.14 and a beta of 1.53. The stock has a 50 day moving average of $73.34 and a 200 day moving average of $65.40. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

About Trimble

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.