Avestar Capital LLC Increases Stake in Trimble Inc. (NASDAQ:TRMB)

Avestar Capital LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 8.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,975 shares of the scientific and technical instruments company’s stock after buying an additional 775 shares during the period. Avestar Capital LLC’s holdings in Trimble were worth $619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRMB. Farrow Financial Inc. increased its position in shares of Trimble by 0.5% during the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after acquiring an additional 192 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Trimble by 3.4% in the 3rd quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after purchasing an additional 193 shares in the last quarter. SVB Wealth LLC raised its stake in shares of Trimble by 4.8% in the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock worth $286,000 after purchasing an additional 204 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Trimble by 4.6% during the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after purchasing an additional 219 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock valued at $247,000 after buying an additional 219 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Trimble Stock Performance

Shares of NASDAQ TRMB opened at $72.37 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. Trimble Inc. has a 1 year low of $43.70 and a 1 year high of $74.22. The firm has a fifty day moving average price of $63.95 and a 200-day moving average price of $58.49. The stock has a market cap of $17.67 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research report on Wednesday, August 7th. Piper Sandler increased their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, StockNews.com raised Trimble from a “hold” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

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.