Pacer Advisors Inc. Has $991,000 Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Pacer Advisors Inc. trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,726 shares of the scientific and technical instruments company’s stock after selling 2,068 shares during the period. Pacer Advisors Inc.’s holdings in Trimble were worth $991,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fulton Bank N.A. increased its holdings in shares of Trimble by 2.6% during the first quarter. Fulton Bank N.A. now owns 7,725 shares of the scientific and technical instruments company’s stock valued at $497,000 after acquiring an additional 199 shares in the last quarter. Czech National Bank raised its holdings in Trimble by 0.5% during the first quarter. Czech National Bank now owns 43,771 shares of the scientific and technical instruments company’s stock worth $2,817,000 after buying an additional 201 shares during the last quarter. SVB Wealth LLC raised its holdings in Trimble by 4.8% during the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after buying an additional 204 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Trimble by 1.9% in the first quarter. Caprock Group LLC now owns 12,584 shares of the scientific and technical instruments company’s stock valued at $810,000 after buying an additional 233 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Trimble by 18.6% during the first quarter. GAMMA Investing LLC now owns 1,858 shares of the scientific and technical instruments company’s stock valued at $120,000 after buying an additional 291 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TRMB shares. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their target price on Trimble from $58.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Piper Sandler reiterated an “overweight” rating and set a $73.00 price target on shares of Trimble in a report on Monday, August 19th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, Robert W. Baird upped their target price on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.67.

Trimble Stock Up 1.9 %

TRMB stock opened at $61.65 on Friday. The stock has a market cap of $15.06 billion, a P/E ratio of 64.22, a P/E/G ratio of 2.63 and a beta of 1.48. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $55.57 and its two-hundred day simple moving average is $57.37. Trimble Inc. has a 1-year low of $39.57 and a 1-year high of $65.55.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The company had revenue of $870.80 million for the quarter, compared to the consensus estimate of $862.50 million. Trimble had a net margin of 40.70% and a return on equity of 10.94%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Analysts expect that Trimble Inc. will post 2.23 EPS for the current year.

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.