Bryn Mawr Capital Management LLC Has $3.81 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

Bryn Mawr Capital Management LLC raised its holdings in Trimble Inc. (NASDAQ:TRMB) by 1,000.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 53,902 shares of the scientific and technical instruments company’s stock after purchasing an additional 49,002 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Trimble were worth $3,809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its holdings in shares of Trimble by 41.4% in the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after acquiring an additional 1,594,732 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in Trimble during the 4th quarter worth approximately $50,041,000. Charles Schwab Investment Management Inc. lifted its stake in Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after purchasing an additional 676,954 shares during the last quarter. Impax Asset Management Group plc boosted its position in Trimble by 18.7% in the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after buying an additional 434,065 shares in the last quarter. Finally, Sora Investors LLC bought a new stake in shares of Trimble during the third quarter worth $22,663,000. Institutional investors own 93.21% of the company’s stock.

Insider Buying and Selling

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.

Trimble Stock Up 0.6 %

Trimble stock opened at $75.57 on Thursday. The firm has a 50 day moving average price of $73.37 and a two-hundred day moving average price of $66.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.10 and a beta of 1.53.

Wall Street Analyst Weigh In

TRMB has been the topic of several recent research reports. Robert W. Baird raised their price objective on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein upped their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $84.86.

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.