November 18, 2016 - By Peter Erickson · 0 Comments
The stock of Trimble Navigation Limited (NASDAQ:TRMB) registered an increase of 11.57% in short interest. TRMB’s total short interest was 4.55 million shares in November as published by FINRA. Its up 11.57% from 4.08M shares, reported previously. With 1.09M shares average volume, it will take short sellers 4 days to cover their TRMB’s short positions. The short interest to Trimble Navigation Limited’s float is 1.83%. The stock decreased 0.21% or $0.06 during the last trading session, hitting $27.95. Trimble Inc (NASDAQ:TRMB) has risen 10.34% since April 18, 2016 and is uptrending. It has outperformed by 5.91% the S&P500.
Trimble Inc., formerly Trimble Navigation Limited, provides technology solutions for professionals and field mobile workers. The company has a market cap of $6.89 billion. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It has a 61.06 P/E ratio. The Engineering and Construction segment serves clients working in engineering and construction, among others.
Insitutional Activity: The institutional sentiment decreased to 1.03 in Q2 2016. Its down 0.10, from 1.13 in 2016Q1. The ratio turned negative, as 25 funds sold all Trimble Inc shares owned while 109 reduced positions. 34 funds bought stakes while 118 increased positions. They now own 219.42 million shares or 3.22% less from 226.72 million shares in 2016Q1.
Moreover, Cap Int Ca has 0.26% invested in Trimble Inc (NASDAQ:TRMB) for 147,800 shares. Bessemer Group last reported 0% of its portfolio in the stock. Sei Invs Commerce owns 108,144 shares or 0.02% of their US portfolio. Lodge Hill Lc last reported 2.7% of its portfolio in the stock. Kbc Gru Nv has 0.02% invested in the company for 59,181 shares. The Illinois-based Blair William & Il has invested 0.17% in Trimble Inc (NASDAQ:TRMB). Prudential Financial owns 160,738 shares or 0.01% of their US portfolio. Washington has 0.04% invested in the company for 21,717 shares. Vident Investment Advisory Ltd Llc accumulated 0.13% or 36,659 shares. The United Kingdom-based Gulf Interest Bank & Trust (Uk) Limited has invested 0.03% in Trimble Inc (NASDAQ:TRMB). Manufacturers Life The last reported 0.01% of its portfolio in the stock. Ngam L P holds 24,844 shares or 0.01% of its portfolio. Parkside Bancshares Trust holds 363 shares or 0% of its portfolio. United Financial Advisers holds 87,588 shares or 0.02% of its portfolio. Wellington Mgmt Group Llp last reported 0.04% of its portfolio in the stock.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 21 selling transactions for $18.57 million net activity. PAINTER ROBERT G had sold 5,000 shares worth $143,920 on Tuesday, November 15. The insider KIRKLAND JAMES A sold 1,391 shares worth $33,648. On Wednesday, August 10 PEEK MARK S sold $302,303 worth of the stock or 10,953 shares. The insider Kliem Jurgen sold 16,700 shares worth $434,200. 25,200 shares were sold by VANDE STEEG NICKOLAS, worth $696,780. The insider Veneziano James sold 8,000 shares worth $222,480. On Wednesday, August 10 Nersesian Ronald S. sold $161,282 worth of the stock or 5,850 shares.
Out of 11 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Trimble Navigation Limited has been the topic of 16 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, November 20 by Goldman Sachs. The stock of Trimble Inc (NASDAQ:TRMB) earned “Outperform” rating by Wedbush on Wednesday, December 2. The rating was initiated by Raymond James on Tuesday, June 14 with “Outperform”. As per Tuesday, June 28, the company rating was downgraded by JP Morgan. JP Morgan maintained the stock with “Overweight” rating in Friday, September 25 report. FBR Capital initiated the shares of TRMB in a report on Wednesday, May 11 with “Outperform” rating. The stock has “Outperform” rating given by Oppenheimer on Thursday, December 10. The rating was maintained by Wedbush with “Outperform” on Friday, April 29. The stock of Trimble Inc (NASDAQ:TRMB) has “Neutral” rating given on Wednesday, August 5 by M Partners. As per Monday, October 5, the company rating was maintained by Robert W. Baird.
Trimble Inc., formerly Trimble Navigation Limited, incorporated on January 1, 1981, provides technology solutions for professionals and field mobile workers. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves clients working in architecture, engineering, construction, geospatial and government. The Field Solutions segment provides solutions for the farming, government and consumer markets, with its products focused on agriculture and geographic information systems (GIS). The Mobile Solutions segment provides solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets in the areas of transportation and logistics and field services management. The Advanced Devices segment consists of the Embedded Technologies, Timing, Applanix, Military and Advanced Systems, and ThingMagic businesses.
Another recent and important Trimble Inc (NASDAQ:TRMB) news was published by Streetinsider.com which published an article titled: “Form 4/A TRIMBLE INC. For: Nov 11 Filed by: Kliem Jurgen” on November 16, 2016.
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By Peter Erickson