Candriam Luxembourg S.C.A. Acquires 3,095 Shares of TransUnion (TRU)
Candriam Luxembourg S.C.A. grew its holdings in TransUnion (NYSE:TRU) by 25.5% during the first quarter, Holdings Channel reports. The firm owned 15,248 shares of the business services provider’s stock after acquiring an additional 3,095 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in TransUnion were worth $1,019,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TRU. Karp Capital Management Corp acquired a new stake in shares of TransUnion in the fourth quarter valued at approximately $37,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of TransUnion in the first quarter valued at approximately $80,000. Ropes Wealth Advisors LLC acquired a new stake in shares of TransUnion in the fourth quarter valued at approximately $83,000. Massey Quick Simon & CO. LLC raised its holdings in shares of TransUnion by 21.6% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,550 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 275 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of TransUnion by 39.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,860 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 524 shares during the last quarter.
NYSE:TRU opened at $64.18 on Thursday. TransUnion has a 1-year low of $52.15 and a 1-year high of $79.48. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $11.93 billion, a P/E ratio of 27.78, a PEG ratio of 3.85 and a beta of 0.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 23rd will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.30 annualized dividend and a dividend yield of 0.47%. TransUnion’s dividend payout ratio is presently 12.99%.
In related news, CAO Timothy Elberfeld sold 1,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $70.00, for a total value of $70,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 13,062 shares of the company’s stock, valued at $914,340. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Peck sold 2,327 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $64.14, for a total transaction of $149,253.78. Following the completion of the transaction, the insider now directly owns 335,243 shares of the company’s stock, valued at $21,502,486.02. The disclosure for this sale can be found here. Insiders sold 378,511 shares of company stock valued at $25,042,932 over the last three months. 0.92% of the stock is owned by company insiders.
A number of analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of TransUnion from a “buy” rating to a “hold” rating in a report on Monday. Barclays reiterated a “buy” rating and issued a $80.00 price objective on shares of TransUnion in a report on Sunday, May 5th. Deutsche Bank lifted their price objective on shares of TransUnion from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, BNP Paribas started coverage on shares of TransUnion in a research note on Friday, March 15th. They issued a “neutral” rating and a $66.00 target price for the company. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. TransUnion currently has an average rating of “Buy” and a consensus target price of $75.53.
TransUnion provides risk and information solutions. The company operates in three segments: U.S. Information Services (USIS), International, and Consumer Interactive. The USIS segment provides consumer reports, risk scores, and analytical and decisioning services for businesses. These businesses use its services to acquire new customers; assess consumer ability to pay for services; identify cross-selling opportunities; measure and manage debt portfolio risk; collect debt; verify consumer identities; and investigate potential fraud.
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