TransUnion (NYSE:TRU) Holdings Boosted by BlueMountain Capital Management LLC
BlueMountain Capital Management LLC increased its position in TransUnion (NYSE:TRU) by 173.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,021 shares of the business services provider’s stock after buying an additional 31,698 shares during the period. BlueMountain Capital Management LLC’s holdings in TransUnion were worth $3,584,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of TransUnion by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 2,657,164 shares of the business services provider’s stock valued at $150,874,000 after purchasing an additional 88,456 shares during the last quarter. Rhumbline Advisers grew its position in TransUnion by 11.5% during the 1st quarter. Rhumbline Advisers now owns 180,943 shares of the business services provider’s stock worth $10,274,000 after purchasing an additional 18,634 shares during the period. Alps Advisors Inc. acquired a new stake in TransUnion during the 1st quarter worth about $468,000. Public Employees Retirement Association of Colorado grew its position in TransUnion by 3.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 24,672 shares of the business services provider’s stock worth $1,401,000 after purchasing an additional 855 shares during the period. Finally, New York State Teachers Retirement System grew its position in TransUnion by 6.0% during the 1st quarter. New York State Teachers Retirement System now owns 14,200 shares of the business services provider’s stock worth $806,000 after purchasing an additional 800 shares during the period. Institutional investors own 98.23% of the company’s stock.
TransUnion stock traded down $0.34 during trading on Friday, hitting $76.30. The company had a trading volume of 752,757 shares, compared to its average volume of 708,471. The company has a market capitalization of $14.09 billion, a PE ratio of 44.62, a price-to-earnings-growth ratio of 3.43 and a beta of 0.68. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.59 and a current ratio of 1.59. TransUnion has a 1-year low of $41.07 and a 1-year high of $79.48.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd were given a $0.075 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 0.39%. TransUnion’s dividend payout ratio (DPR) is presently 17.54%.
In other news, EVP Gerald M. Mccarthy, Jr. sold 62,752 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $70.61, for a total value of $4,430,918.72. Following the completion of the sale, the executive vice president now directly owns 99,390 shares of the company’s stock, valued at $7,017,927.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James M. Peck sold 131,750 shares of the business’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $71.75, for a total transaction of $9,453,062.50. Following the transaction, the insider now owns 389,377 shares in the company, valued at $27,937,799.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 200,410 shares of company stock valued at $14,317,418. 2.10% of the stock is owned by corporate insiders.
TRU has been the topic of several analyst reports. Morgan Stanley reaffirmed a “hold” rating and set a $75.00 price target (up from $71.00) on shares of TransUnion in a research report on Thursday. Wells Fargo & Co raised their target price on TransUnion from $65.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered shares of TransUnion from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Bank of America raised their price target on shares of TransUnion from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Finally, Robert W. Baird raised their price target on shares of TransUnion from $80.00 to $81.00 and gave the company an “outperform” rating in a research note on Wednesday, July 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.07.
TransUnion Company Profile
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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