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.
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.
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.
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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.
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