Renaissance Technologies LLC Sells 151,600 Shares of Dun & Bradstreet Corp (DNB)
Renaissance Technologies LLC lessened its holdings in shares of Dun & Bradstreet Corp (NYSE:DNB) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 851,700 shares of the business services provider’s stock after selling 151,600 shares during the quarter. Renaissance Technologies LLC owned approximately 2.30% of Dun & Bradstreet worth $104,461,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Dun & Bradstreet by 0.8% in the 2nd quarter. BlackRock Inc. now owns 3,336,959 shares of the business services provider’s stock valued at $409,279,000 after buying an additional 26,473 shares during the period. Boston Partners raised its holdings in Dun & Bradstreet by 8.9% in the 2nd quarter. Boston Partners now owns 1,234,321 shares of the business services provider’s stock valued at $151,389,000 after buying an additional 100,803 shares during the period. Investec Asset Management LTD raised its holdings in Dun & Bradstreet by 29.8% in the 2nd quarter. Investec Asset Management LTD now owns 887,561 shares of the business services provider’s stock valued at $108,859,000 after buying an additional 203,940 shares during the period. Bank of New York Mellon Corp raised its holdings in Dun & Bradstreet by 65.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 826,792 shares of the business services provider’s stock valued at $101,407,000 after buying an additional 327,334 shares during the period. Finally, AGF Investments Inc. raised its holdings in Dun & Bradstreet by 10.7% in the 2nd quarter. AGF Investments Inc. now owns 655,218 shares of the business services provider’s stock valued at $80,362,000 after buying an additional 63,321 shares during the period. 88.68% of the stock is currently owned by institutional investors.
Shares of NYSE:DNB opened at $142.70 on Friday. The company has a debt-to-equity ratio of -1.73, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.82 and a beta of 1.26. Dun & Bradstreet Corp has a 1 year low of $105.42 and a 1 year high of $144.00.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 7th. Shareholders of record on Wednesday, August 22nd were paid a dividend of $0.5225 per share. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $2.09 dividend on an annualized basis and a yield of 1.46%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently 28.40%.
Several brokerages recently issued reports on DNB. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a report on Monday, August 27th. Robert W. Baird boosted their price objective on shares of Dun & Bradstreet from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. ValuEngine upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a report on Thursday, August 9th. Wells Fargo & Co boosted their price objective on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, June 25th. Finally, Barclays restated an “equal weight” rating and issued a $145.00 price objective (up from $140.00) on shares of Dun & Bradstreet in a report on Friday, August 10th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $132.00.
Dun & Bradstreet Company Profile
The Dun & Bradstreet Corporation provides commercial data, analytics, and insight on businesses. The company operates through two segments, Americas and Non-Americas. It offers risk management solutions comprising trade credit solutions, such as The D&B Credit Suite, which includes D&B Credit and DNBi, subscription-based online applications that offer customers real time access to information, comprehensive monitoring, and portfolio analysis; various business information reports; and D&B Credibility solutions primarily for small businesses; Supplier Risk Manager, an online application that helps businesses mitigate supply chain risk; Compliance product suite that includes D&B Onboard and D&B Compliance Check, which helps customers comply with anti-money laundering and anti-bribery and corruption regulations through onboarding, screening, and monitoring of customers and third parties; and D&B Direct, an API that enables data integration inside enterprise applications, such as ERP, and enables master data management and toolkit.
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