Van ECK Associates Corp Decreases Stake in TransUnion (NYSE:TRU)

Van ECK Associates Corp decreased its holdings in TransUnion (NYSE:TRU) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,783,301 shares of the business services provider’s stock after selling 151,985 shares during the period. Van ECK Associates Corp’s holdings in TransUnion were worth $519,801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of TransUnion by 237.5% in the 1st quarter. Larson Financial Group LLC now owns 486 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 342 shares during the period. Quarry LP lifted its holdings in TransUnion by 963.0% in the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock worth $43,000 after buying an additional 520 shares in the last quarter. National Bank of Canada FI boosted its holdings in TransUnion by 22.3% in the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 166 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of TransUnion by 156.6% during the 2nd quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after buying an additional 523 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in TransUnion during the 2nd quarter valued at $75,000.

TransUnion Stock Down 1.4 %

TransUnion stock opened at $99.88 on Friday. TransUnion has a 52 week low of $44.72 and a 52 week high of $113.17. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 86.85, a PEG ratio of 1.38 and a beta of 1.62. The company’s 50-day moving average price is $102.30 and its two-hundred day moving average price is $86.73. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.19.

TransUnion (NYSE:TRU) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the business earned $0.80 earnings per share. On average, analysts expect that TransUnion will post 3.46 EPS for the current fiscal year.

TransUnion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were issued a $0.105 dividend. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.42%. TransUnion’s dividend payout ratio (DPR) is 36.52%.

Analyst Ratings Changes

TRU has been the subject of several research reports. Wolfe Research upgraded TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research report on Thursday, October 10th. Morgan Stanley lifted their target price on TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Oppenheimer increased their price target on TransUnion from $118.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company boosted their price objective on TransUnion from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their target price on TransUnion from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.53.

Insider Activity at TransUnion

In other TransUnion news, insider Todd C. Skinner sold 2,900 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the sale, the insider now directly owns 27,729 shares in the company, valued at approximately $2,373,047.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Todd C. Skinner sold 2,900 shares of TransUnion stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $85.58, for a total value of $248,182.00. Following the transaction, the insider now owns 27,729 shares of the company’s stock, valued at $2,373,047.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jennifer A. Williams sold 405 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the sale, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,715 shares of company stock valued at $1,209,589 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

TransUnion Company Profile

TransUnion operates as a global consumer credit reporting agency that provides risk and information solutions. The company operates through U.S. Markets, International, and Consumer Interactive segments. The U.S. Markets segment provides consumer reports, actionable insights, and analytic services to businesses, which uses 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 mitigate fraud risk.