Simplex Trading adds Trimble Navigation Limited (TRMB) to its portfolio

Trimble Navigation Limited (TRMB) : Simplex Trading added new position in Trimble Navigation Limited during the most recent quarter end. The investment management firm now holds 22,910 shares of Trimble Navigation Limited which is valued at $652,248 , the company said in a statement filed on Oct 7, 2016 with the SEC.Trimble Navigation Limited makes up approximately 0.08% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in TRMB during the most recent quarter. The investment firm sold 12,790 shares of TRMB which is valued $364,131.Bnp Paribas Arbitrage Sa reduced its stake in TRMB by selling 81,613 shares or 77.29% in the most recent quarter. The Hedge Fund company now holds 23,986 shares of TRMB which is valued at $686,959.Independent Portfolio Consultants reduced its stake in TRMB by selling 50 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 12,640 shares of TRMB which is valued at $362,010. Trimble Navigation Limited makes up approx 0.11% of Independent Portfolio Consultants’s portfolio. Washington Trust Bank added TRMB to its portfolio by purchasing 68 company shares during the most recent quarter which is valued at $1,948.Bath Savings Trust Co reduced its stake in TRMB by selling 750 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 39,320 shares of TRMB which is valued at $1,126,125. Trimble Navigation Limited makes up approx 0.36% of Bath Savings Trust Co’s portfolio.

Trimble Navigation Limited closed down -0.34 points or -1.18% at $28.47 with 12,39,759 shares getting traded on Friday. Post opening the session at $28.89, the shares hit an intraday low of $28.16 and an intraday high of $28.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Trimble Navigation Limited reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.30. The company had revenue of $609.60 million for the quarter, compared to analysts expectations of $611.65 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Trimble Navigation Limited. Dougherty & Company Resumed Trimble Navigation Limited on Sep 12, 2016 to “Buy”, Price Target of the shares are set at $32.

Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction Field Solutions Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction building construction and geospatial solutions. The Field Solutions segment offers positioning systems automated application systems and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies Military and Advanced Systems and ThingMagic businesses. Its brands include Trimble PeopleNet GEOTrac and TMW. In addition it offers TILOS software which merges both location and schedule into one combined time and distance graphical view and FlexiCadastre software which provides land management solution.

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