Groupama Asset Managment Cuts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Groupama Asset Managment lessened its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 87.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,055 shares of the scientific and technical instruments company's stock after selling 20,976 shares during the period. Groupama Asset Managment's holdings in Trimble were worth $215,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Crowley Wealth Management Inc. bought a new position in shares of Trimble during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. bought a new position in shares of Trimble during the 4th quarter valued at $36,000. TD Private Client Wealth LLC boosted its position in Trimble by 722.2% during the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after buying an additional 520 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares during the last quarter. Institutional investors own 93.21% of the company's stock.

Trimble Trading Up 11.6 %

Shares of NASDAQ TRMB traded up $6.37 during midday trading on Wednesday, hitting $61.49. 2,375,154 shares of the company traded hands, compared to its average volume of 1,388,104. Trimble Inc. has a 12-month low of $48.65 and a 12-month high of $77.78. The firm has a market cap of $15.11 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.09 and a beta of 1.57. The stock has a 50-day moving average price of $69.02 and a 200 day moving average price of $69.04. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Piper Sandler reissued an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Oppenheimer raised their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $86.00.

Insider Buying and Selling at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

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.