Trimble Inc (TRMB) Short Interest Down 36.1% in March

Trimble Inc (NASDAQ:TRMB) saw a large decrease in short interest during the month of March. As of March 29th, there was short interest totalling 2,415,569 shares, a decrease of 36.1% from the March 15th total of 3,780,349 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,201,583 shares, the days-to-cover ratio is presently 2.0 days.

Shares of NASDAQ TRMB opened at $34.88 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.63 and a quick ratio of 1.29. Trimble has a 12 month low of $30.53 and a 12 month high of $45.70. The firm has a market capitalization of $8,690.80, a price-to-earnings ratio of 27.25, a P/E/G ratio of 2.43 and a beta of 2.43.

How to Become a New Pot Stock Millionaire

Trimble (NASDAQ:TRMB) last issued its quarterly earnings data on Thursday, February 8th. The scientific and technical instruments company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Trimble had a net margin of 4.56% and a return on equity of 13.37%. The business had revenue of $708.40 million during the quarter, compared to analyst estimates of $674.84 million. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. equities research analysts expect that Trimble will post 1.51 EPS for the current year.

In related news, Director Ulf J. Johansson sold 50,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $38.07, for a total transaction of $1,903,500.00. Following the completion of the sale, the director now directly owns 42,670 shares in the company, valued at approximately $1,624,446.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert G. Painter sold 6,946 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $40.00, for a total transaction of $277,840.00. Following the sale, the chief financial officer now owns 15,451 shares of the company’s stock, valued at $618,040. The disclosure for this sale can be found here. Insiders have sold a total of 477,629 shares of company stock valued at $18,755,624 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in shares of Trimble in the 4th quarter worth about $125,000. Advisory Services Network LLC increased its stake in shares of Trimble by 3,428.1% in the 4th quarter. Advisory Services Network LLC now owns 3,140 shares of the scientific and technical instruments company’s stock worth $128,000 after acquiring an additional 3,051 shares in the last quarter. Delpha Capital Management LLC bought a new position in shares of Trimble in the 4th quarter worth about $134,000. Fieldpoint Private Securities LLC bought a new position in shares of Trimble in the 3rd quarter worth about $137,000. Finally, Armor Investment Advisors LLC bought a new position in shares of Trimble in the 4th quarter worth about $203,000. Institutional investors own 89.86% of the company’s stock.

TRMB has been the subject of several research reports. Zacks Investment Research upgraded shares of Trimble from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, December 26th. TheStreet lowered shares of Trimble from a “b” rating to a “c+” rating in a report on Thursday, February 8th. BidaskClub upgraded shares of Trimble from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Finally, Oppenheimer restated a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Trimble in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $41.40.

ILLEGAL ACTIVITY WARNING: This report was first reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://weekherald.com/2018/04/16/trimble-inc-trmb-short-interest-down-36-1-in-march.html.

About Trimble

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply