Rempart Asset Management Inc. Sells 250 Shares of Trimble Inc. (NASDAQ:TRMB)

Rempart Asset Management Inc. reduced its position in Trimble Inc. (NASDAQ:TRMB) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 17,190 shares of the scientific and technical instruments company’s stock after selling 250 shares during the quarter. Rempart Asset Management Inc.’s holdings in Trimble were worth $1,215,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TRMB. Victory Capital Management Inc. boosted its stake in Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after buying an additional 1,594,732 shares during the period. AQR Capital Management LLC grew its holdings in shares of Trimble by 2,035.1% during the second quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock worth $63,635,000 after purchasing an additional 1,093,275 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Trimble by 49.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after purchasing an additional 676,954 shares during the last quarter. Impax Asset Management Group plc lifted its position in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the last quarter. Finally, Sora Investors LLC purchased a new position in Trimble in the 3rd quarter worth approximately $22,663,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Trading Down 1.0 %

Shares of TRMB stock traded down $0.70 during mid-day trading on Wednesday, reaching $71.32. The stock had a trading volume of 110,722 shares, compared to its average volume of 1,175,269. The firm has a market capitalization of $17.42 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 3.15 and a beta of 1.52. The stock’s 50-day moving average price is $71.16 and its two-hundred day moving average price is $62.08. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52-week low of $48.60 and a 52-week high of $76.97.

Analyst Upgrades and Downgrades

TRMB has been the topic of a number of research analyst reports. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. Robert W. Baird boosted their target price on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Piper Sandler restated an “overweight” rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $84.86.

Trimble 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.