Trimble Navigation Ltd. (NASDAQ:TRMB) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lowered its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 254,799 shares of the scientific and technical instruments company’s stock after selling 4,743 shares during the period. Great West Life Assurance Co. Can’s holdings in Trimble Navigation were worth $9,082,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TRMB. BlackRock Inc. increased its stake in Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock worth $722,710,000 after buying an additional 22,242,969 shares in the last quarter. Vanguard Group Inc. increased its stake in Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock worth $655,082,000 after buying an additional 879,694 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock worth $102,169,000 after buying an additional 826,494 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock worth $29,555,000 after buying an additional 564,878 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock worth $15,687,000 after buying an additional 463,364 shares in the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Trimble Navigation Ltd. (NASDAQ:TRMB) opened at 36.18 on Friday. The stock has a market cap of $9.15 billion, a P/E ratio of 52.43 and a beta of 2.31. The firm has a 50 day moving average of $37.06 and a 200 day moving average of $33.95. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45.

Trimble Navigation (NASDAQ:TRMB) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business had revenue of $661.90 million for the quarter, compared to the consensus estimate of $643.05 million. During the same quarter last year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current fiscal year.

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A number of analysts recently commented on TRMB shares. Zacks Investment Research raised shares of Trimble Navigation from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. boosted their price objective on shares of Trimble Navigation from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Craig Hallum boosted their price objective on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Needham & Company LLC boosted their price objective on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, Dougherty & Co raised shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a report on Friday, April 28th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Trimble Navigation currently has an average rating of “Buy” and a consensus price target of $41.00.

In other news, VP James Veneziano sold 9,426 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $35.73, for a total transaction of $336,790.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Julie A. Shepard sold 18,546 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $36.00, for a total transaction of $667,656.00. Following the transaction, the vice president now owns 11,128 shares of the company’s stock, valued at approximately $400,608. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,061 shares of company stock valued at $4,032,293. Insiders own 1.40% of the company’s stock.

Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Navigation Ltd. (NASDAQ:TRMB).

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

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