Trimble Navigation Ltd. (TRMB) Position Lowered by Calamos Advisors LLC

Calamos Advisors LLC cut its holdings in Trimble Navigation Ltd. (NASDAQ:TRMB) by 24.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,995 shares of the scientific and technical instruments company’s stock after selling 18,615 shares during the period. Calamos Advisors LLC’s holdings in Trimble Navigation were worth $2,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRMB. Balyasny Asset Management LLC raised its position in Trimble Navigation by 234.9% in the second quarter. Balyasny Asset Management LLC now owns 1,624,717 shares of the scientific and technical instruments company’s stock worth $57,954,000 after acquiring an additional 1,139,589 shares during the period. Vanguard Group Inc. raised its position in Trimble Navigation by 4.2% in the second quarter. Vanguard Group Inc. now owns 21,314,854 shares of the scientific and technical instruments company’s stock worth $760,302,000 after acquiring an additional 849,914 shares during the period. Capital International Investors raised its position in Trimble Navigation by 8.6% in the second quarter. Capital International Investors now owns 8,029,625 shares of the scientific and technical instruments company’s stock worth $286,417,000 after acquiring an additional 639,190 shares during the period. First Quadrant L P CA raised its position in Trimble Navigation by 9,319.3% in the third quarter. First Quadrant L P CA now owns 609,052 shares of the scientific and technical instruments company’s stock worth $23,905,000 after acquiring an additional 602,586 shares during the period. Finally, Renaissance Technologies LLC raised its position in Trimble Navigation by 405.7% in the second quarter. Renaissance Technologies LLC now owns 633,844 shares of the scientific and technical instruments company’s stock worth $22,609,000 after acquiring an additional 508,500 shares during the period. Institutional investors and hedge funds own 90.85% of the company’s stock.

Several brokerages have recently commented on TRMB. Needham & Company LLC restated a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of Trimble Navigation in a research report on Sunday, October 29th. Wells Fargo & Company raised their price objective on shares of Trimble Navigation from $34.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. raised their price objective on shares of Trimble Navigation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Robert W. Baird raised their price objective on shares of Trimble Navigation from $40.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.70.

In other Trimble Navigation news, CEO Steven W. Berglund sold 200,000 shares of Trimble Navigation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $40.45, for a total value of $8,090,000.00. Following the completion of the transaction, the chief executive officer now directly owns 350,489 shares of the company’s stock, valued at approximately $14,177,280.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Darryl R. Matthews sold 1,094 shares of Trimble Navigation stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $40.51, for a total transaction of $44,317.94. Following the completion of the transaction, the senior vice president now directly owns 4,475 shares of the company’s stock, valued at $181,282.25. The disclosure for this sale can be found here. Insiders have sold 481,448 shares of company stock valued at $18,963,617 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Trimble Navigation Ltd. (NASDAQ TRMB) opened at $40.37 on Monday. The firm has a market cap of $10,163.60, a price-to-earnings ratio of 32.30, a P/E/G ratio of 2.83 and a beta of 2.34. Trimble Navigation Ltd. has a 52 week low of $26.88 and a 52 week high of $43.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 1.44.

Trimble Navigation (NASDAQ:TRMB) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $660.11 million. Trimble Navigation had a net margin of 7.66% and a return on equity of 12.97%. Trimble Navigation’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company posted $0.33 earnings per share. equities analysts predict that Trimble Navigation Ltd. will post 1.27 EPS for the current fiscal year.

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Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

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