Trimble Inc. (NASDAQ:TRMB – Get Rating) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 2,620,000 shares, a growth of 21.9% from the March 15th total of 2,150,000 shares. Based on an average daily volume of 1,280,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.1% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several analysts have commented on TRMB shares. Northcoast Research cut shares of Trimble from a “neutral” rating to a “sell” rating and set a $40.00 price objective for the company. in a research note on Tuesday, March 7th. Piper Sandler decreased their price objective on shares of Trimble from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 9th. StockNews.com started coverage on shares of Trimble in a research note on Thursday, March 16th. They set a “hold” rating for the company. Robert W. Baird decreased their price objective on shares of Trimble from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. Finally, Edward Jones raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.67.
Insider Buying and Selling
In related news, SVP Peter Large sold 950 shares of Trimble stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares in the company, valued at approximately $7,870.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Peter Large sold 950 shares of Trimble stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.11, for a total value of $48,554.50. Following the completion of the sale, the senior vice president now directly owns 154 shares in the company, valued at approximately $7,870.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Calvin Dalton sold 1,500 shares of Trimble stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $53.20, for a total transaction of $79,800.00. Following the completion of the sale, the director now owns 1,936 shares of the company’s stock, valued at $102,995.20. The disclosure for this sale can be found here. 0.43% of the stock is owned by company insiders.
Institutional Investors Weigh In On Trimble
Trimble Price Performance
Shares of NASDAQ TRMB opened at $48.69 on Tuesday. The firm has a market cap of $12.02 billion, a PE ratio of 27.20, a PEG ratio of 1.70 and a beta of 1.57. The firm has a fifty day moving average of $51.55 and a 200 day moving average of $54.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.76 and a current ratio of 1.04. Trimble has a one year low of $47.09 and a one year high of $72.24.
Trimble (NASDAQ:TRMB – Get Rating) last issued its quarterly earnings results on Wednesday, February 8th. The scientific and technical instruments company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $856.50 million during the quarter, compared to analyst estimates of $872.29 million. Trimble had a net margin of 12.23% and a return on equity of 14.21%. As a group, research analysts predict that Trimble will post 2.27 EPS for the current fiscal year.
About Trimble
Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.
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