Ieq Capital LLC Significantly Reduces Stake in Trimble During 4th Quarter
May 3, 2023
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Trimble Inc ($NASDAQ:TRMB). is a global technology company that provides positioning and connectivity solutions for a variety of industries. As revealed in its most recent filing, during the 4th quarter, there was a significant decrease in Ieq Capital LLC’s position in Trimble Inc. This decrease amounted to 58.2%. Ieq Capital LLC is an investment firm that specializes in the technology and information sector. This decrease in their stake in Trimble Inc. signifies a shift in their focus towards different sectors, as they look to diversify their investments. It is yet to be seen how this shift in focus by Ieq Capital LLC will impact Trimble Inc. in the long-term. The company will have to assess how this decreased stake in their business will affect their operations and financial success.
However, with their strong portfolio of products and services, many investors remain confident that Trimble Inc. will continue to succeed despite the decreased stake from Ieq Capital LLC.
Stock Price
On Monday, Ieq Capital LLC, a major stakeholder in Trimble Inc., significantly reduced their stake in the company during the fourth quarter. This was evidenced by the stock price of Trimble Inc. opening at $47.2 and closing at $46.9, representing a decrease of 0.4% from the previous closing price of $47.1. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Trimble Inc. More…
| Total Revenues | Net Income | Net Margin |
| 3.68k | 449.7 | 10.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Trimble Inc. More…
| Operations | Investing | Financing |
| 391.2 | -226.3 | -199 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Trimble Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.27k | 3.22k | 16.4 |
Key Ratios Snapshot
Some of the financial key ratios for Trimble Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.0% | 10.3% | 17.4% |
| FCF Margin | ROE | ROA |
| 9.5% | 10.1% | 5.5% |
Analysis
At GoodWhale, we recently conducted an analysis of TRIMBLE INC‘s wellbeing. After careful examination, we have come to the conclusion that TRIMBLE INC is a medium risk investment in terms of financial and business aspects. We have detected 1 risk warning in its balance sheet, so if you’re interested in learning more about the warning sign, please register with us. With our detailed analysis, you can have a clearer understanding of TRIMBLE INC’s financial and business situation and make smarter investing decisions. More…
Peers
The competition among Trimble Inc, SRT Marine Systems PLC, Shanghai Huace Navigation Technology Ltd, and Topcon Corp is fierce. All four companies are leaders in the GPS navigation industry and are constantly innovating to stay ahead of the competition. Trimble Inc has been the top GPS navigation company for many years, but its competitors are quickly catching up. SRT Marine Systems PLC is a publicly traded company on the London Stock Exchange and is the largest GPS navigation company in the world. Shanghai Huace Navigation Technology Ltd is a privately held company based in China and is one of the fastest growing GPS navigation companies. Topcon Corp is a Japanese company that has been in the GPS navigation industry for over 50 years.
– SRT Marine Systems PLC ($LSE:SRT)
SRT Marine Systems PLC is a marine technology company that provides integrated solutions for the maritime industry. The company offers a range of products and services, including navigation, communication, bridge systems, and data management. It also provides engineering and support services. The company has a market cap of 59.17M as of 2022 and a return on equity of -44.18%.
– Shanghai Huace Navigation Technology Ltd ($SZSE:300627)
Shanghai Huace Navigation Technology Ltd is a Chinese company that manufactures and sells navigation and communication products. The company has a market capitalization of $16.9 billion as of 2022 and a return on equity of 8.69%. The company’s products include GPS receivers, marine navigation products, and aviation products.
– Topcon Corp ($TSE:7732)
Topcon Corporation is a Japanese technology company that manufactures precision instruments and equipment for measuring, surveying, and machine control. The company has a market capitalization of 168.63 billion as of 2022 and a return on equity of 11.65%. Topcon’s products are used in a variety of industries, including construction, agriculture, surveying, and mapping. The company has a strong presence in Japan and Asia, and is expanding its operations globally.
Summary
Investing analysis of Trimble Inc. has revealed a significant decrease in the holdings of Ieq Capital LLC in the 4th quarter of the year. This drop of 58.2% was reported by the company in its latest financial disclosures. Analysts have been closely watching Trimble Inc. due to its high performance over the past few years, and the sudden decrease in holdings has piqued interest in the market. Other investors have remained positive about the company’s future, citing its impressive track record and strong market positioning.
However, some analysts are concerned that the decreased holdings of Ieq Capital LLC could signal a downturn in Trimble Inc.’s fortunes.
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