Skip to Content

Trimble Inc. Is Owned by Cubist Systematic Strategies LLC for $2.18 Million (NASDAQ:TRMB)

Trimble Inc. Is Owned by Cubist Systematic Strategies LLC for $2.18 Million (NASDAQ:TRMB)

According to the most recent statement that Cubist Systematic Strategies LLC filed with the Securities and Exchange Commission, the company’s holdings in Trimble Inc. (NASDAQ: TRMB) experienced a decrease of 72.2% during the third quarter. Cubist Systematic Strategies LLC filed this statement. The institutional investor now owns 40,212 shares of the stock of a manufacturer of scientific and technical instruments after selling 104,385 shares of the company’s stock during the quarter. The company is in the business of producing scientific and technical instruments. At the end of the most recent reporting period, Cubist Systematic Strategies LLC concluded that the value of Trimble was $2,182,000.

Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events. During the third quarter, Massmutual Trust Co. FSB ADV increased the total Trimble stock held by 118.6%. After making an additional purchase of 268 shares during the preceding quarter, Massmutual Trust Co. FSB ADV now owns 494 shares of the scientific and technical instruments company’s stock, which has a value of $27,000. These shares were acquired due to the company’s purchase of additional shares. The corporation completed the acquisition of these shares. The Trust Company of Vermont increased its holdings in Trimble shares during the second quarter by purchasing additional ones for approximately $29,000. This was done to round out its portfolio. The Oliver Lagore Vanvalin Investment Group increased the value of its holdings by more than $38,000 during the second quarter as a direct result of making a new investment in Trimble. In the second quarter, Column Capital Advisors LLC made a 74.7 percent increase in the amount of Trimble stock it owned, bringing its total to 100 percent. Column Capital Advisors LLC now has 676 shares of the scientific and technical instruments company’s stock, which are currently valued at $39,000 after purchasing an additional 289 shares during the most recent quarter. The company purchased these shares. To complete the picture, Tobam was given a new position at Trimble during the second quarter of the year, which came with an increase in salary to approximately $64,000 per year. The company’s outstanding shares are currently owned by hedge funds and other institutional investors, who collectively account for 89.49% of the total.

The price of NASDAQ: TRMB increased by $0.47 to reach $54.98 during the trading session that took place on Tuesday. Only 14,567 shares were traded, a significantly lower volume than the daily average of 1,090,711 shares. The company has seen a moving average of $58.86 over the past 200 days, while the moving average for the last 50 days is $54.78. A debt-to-equity ratio comes in at 0.32; a quick ratio comes in at 0.72; a current ratio comes in at 0.99; and a quick ratio comes in at 0.72. The 52-week low price for Trimble Inc. was $47.52, while the 52-week high price was $77.27. As a result of these price movements, the company now has a market value of $13.56 billion, a P/E/G ratio of 1.73, and a beta value of 1.57.

On November 2, Trimble’s most recent quarterly earnings report (NASDAQ: TRMB) was made public for investors to review. The manufacturer of technical and scientific instruments reported earnings per share (EPS) of $0.53 for the quarter, which was $0.02 lower than the consensus estimate of $0.55 among analysts. The return on equity that Trimble was successful in achieving was 14.45 percent, and the company’s net margin was 12.80 percent. In contrast to the generally accepted forecast of $910.81 million, the company’s most recent quarter’s revenues came in at $884.90 million. This was the company’s most recent reporting period. According to the forecasts of equity analysts, the current fiscal year of Trimble Inc. should result in earnings of $2.25 per share for the company.

Recent years have seen an increase in research organizations independently producing TRMB reports. The stock rating for Trimble was lowered from a “b-” to a “c+” on October 11 by the website TheStreet, which specializes in providing financial analysis. Oppenheimer announced in a research report published on November 3 that they would lower their price objective for Trimble stock from $80.00 to $72.00. JPMorgan Chase & Co. decreased their price objective on Trimble shares from $64.00 to $58.00 and downgraded the company’s rating from “neutral” to “underweight” in a research note published on Thursday, November 3. On November 3, the recommendation that had previously given for Trimble stock, a “buy” rating, was changed to a “hold” rating. In a report released on Tuesday, December 13, Morgan Stanley rated the stock as “equal weight” and increased their price target on Trimble shares from $63.00 to $65.00.

Additionally, they raised their price target on the shares from $63.00 to $65.00. Six of the equity research specialists have assigned the stock the rating of “hold,” while the seventh of these specialists has assigned the stock the rating of “buy.” According to, the average recommendation for the company’s stock is “Hold,” and the price target for the stock is expected to be $69.17 shortly.

Professionals and field mobile workers all over the world have the opportunity to improve or completely transform their work processes as a direct result of the technological solutions that are made available by Trimble Inc. Buildings and Infrastructure is a division of the company that offers a variety of services and products, such as systems to direct and control construction equipment; field and office software for route selection and design; 3D design and data sharing software; software to share and communicate data; program management solutions for construction owners; software for building information modeling; and systems to monitor, track, and manage assets, equipment, and workers. Among these services and products are: systems to direct and control construction equipment, field, and office software for route selection and design, software for


Leave a comment

Your email address will not be published. Required fields are marked *