Aristides Capital LLC Takes $219,000 Position in Trimble Inc. (NASDAQ:TRMB)

Aristides Capital LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,920 shares of the scientific and technical instruments company’s stock, valued at approximately $219,000.

Other hedge funds have also recently bought and sold shares of the company. Generation Investment Management LLP lifted its holdings in shares of Trimble by 89.5% in the fourth quarter. Generation Investment Management LLP now owns 12,270,440 shares of the scientific and technical instruments company’s stock valued at $652,787,000 after purchasing an additional 5,796,030 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Trimble by 1,387.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after acquiring an additional 3,589,249 shares in the last quarter. AQR Capital Management LLC lifted its stake in Trimble by 2,035.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock valued at $63,635,000 after acquiring an additional 1,093,275 shares in the last quarter. Lazard Asset Management LLC boosted its position in Trimble by 25.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock worth $164,087,000 after acquiring an additional 516,789 shares during the last quarter. Finally, Contour Asset Management LLC raised its holdings in shares of Trimble by 14.6% in the fourth quarter. Contour Asset Management LLC now owns 3,479,817 shares of the scientific and technical instruments company’s stock valued at $185,126,000 after purchasing an additional 442,131 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on TRMB. Robert W. Baird increased their target price on shares of Trimble from $65.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and set a $73.00 price target on shares of Trimble in a research report on Monday, August 19th. Finally, JPMorgan Chase & Co. boosted their price target on Trimble from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. One equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Trimble Price Performance

NASDAQ:TRMB opened at $60.79 on Wednesday. Trimble Inc. has a 12-month low of $39.57 and a 12-month high of $65.55. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 63.32, a P/E/G ratio of 2.77 and a beta of 1.48. The stock’s 50 day moving average price is $55.74 and its two-hundred day moving average price is $57.28. 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 (NASDAQ:TRMB) last posted its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. Trimble had a return on equity of 10.94% and a net margin of 40.70%. The business had revenue of $870.80 million for the quarter, compared to analysts’ expectations of $862.50 million. During the same quarter in the prior year, the business earned $0.51 EPS. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, analysts anticipate that Trimble Inc. will post 2.23 earnings per share for the current year.

Trimble 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.