Impax Asset Management Group plc Has $180.70 Million Holdings in Trimble Inc. (NASDAQ:TRMB)

Impax Asset Management Group plc cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,575,802 shares of the scientific and technical instruments company’s stock after selling 179,774 shares during the period. Impax Asset Management Group plc’s holdings in Trimble were worth $180,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMB. TD Private Client Wealth LLC boosted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 520 shares in the last quarter. Friedenthal Financial bought a new position in shares of Trimble in the fourth quarter valued at approximately $49,000. Mather Group LLC. boosted its holdings in shares of Trimble by 86.4% in the 4th quarter. Mather Group LLC. now owns 740 shares of the scientific and technical instruments company’s stock worth $52,000 after acquiring an additional 343 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter worth approximately $49,000. Finally, Sentry Investment Management LLC acquired a new stake in Trimble during the 3rd quarter valued at $76,000. 93.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRMB shares. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. StockNews.com raised shares of Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a report on Thursday. Robert W. Baird upped their price objective on Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted 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. Seven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling

In related news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Trimble Price Performance

TRMB opened at $71.47 on Monday. The company has a fifty day moving average price of $73.30 and a two-hundred day moving average price of $66.49. The firm has a market capitalization of $17.57 billion, a PE ratio of 11.74, a P/E/G ratio of 3.09 and a beta of 1.53. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

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.