203,699 Shares in Trimble Inc. (NASDAQ:TRMB) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 203,699 shares of the scientific and technical instruments company’s stock, valued at approximately $11,391,000. Susquehanna Fundamental Investments LLC owned approximately 0.08% of Trimble as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TRMB. Tobam acquired a new position in shares of Trimble during the first quarter worth $35,000. GPS Wealth Strategies Group LLC increased its position in shares of Trimble by 303.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Blue Trust Inc. increased its position in shares of Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 313 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Trimble during the second quarter worth $48,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Trimble during the second quarter worth $52,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 1.9 %

TRMB stock opened at $61.65 on Friday. The company’s 50-day simple moving average is $55.57 and its 200-day simple moving average is $57.33. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm has a market cap of $15.06 billion, a P/E ratio of 64.22, a PEG ratio of 2.63 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

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

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.