Arvin Capital Management LP Sells 157,869 Shares of TransUnion (NYSE:TRU)

Arvin Capital Management LP lessened its holdings in shares of TransUnion (NYSE:TRU) by 61.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 97,116 shares of the business services provider’s stock after selling 157,869 shares during the quarter. TransUnion accounts for about 3.3% of Arvin Capital Management LP’s portfolio, making the stock its 12th largest position. Arvin Capital Management LP’s holdings in TransUnion were worth $10,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Huntington National Bank increased its stake in TransUnion by 84.5% in the third quarter. Huntington National Bank now owns 286 shares of the business services provider’s stock worth $30,000 after purchasing an additional 131 shares during the period. Quarry LP lifted its holdings in TransUnion by 963.0% during the 2nd quarter. Quarry LP now owns 574 shares of the business services provider’s stock valued at $43,000 after buying an additional 520 shares in the last quarter. True Wealth Design LLC grew its stake in TransUnion by 4,590.0% in the 3rd quarter. True Wealth Design LLC now owns 469 shares of the business services provider’s stock worth $49,000 after acquiring an additional 459 shares in the last quarter. National Bank of Canada FI increased its position in shares of TransUnion by 22.3% during the second quarter. National Bank of Canada FI now owns 910 shares of the business services provider’s stock worth $66,000 after acquiring an additional 166 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of TransUnion by 156.6% during the second quarter. Blue Trust Inc. now owns 857 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 523 shares in the last quarter.

TransUnion Price Performance

Shares of TRU opened at $101.50 on Monday. The company has a market capitalization of $19.78 billion, a P/E ratio of 88.26, a P/E/G ratio of 1.41 and a beta of 1.62. TransUnion has a fifty-two week low of $57.80 and a fifty-two week high of $113.17. The business’s 50-day moving average is $103.54 and its two-hundred day moving average is $90.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.68 and a current ratio of 1.68.

TransUnion (NYSE:TRU) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. TransUnion had a net margin of 5.47% and a return on equity of 15.38%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned $0.80 EPS. The business’s revenue was up 12.0% on a year-over-year basis. Research analysts predict that TransUnion will post 3.44 earnings per share for the current year.

TransUnion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, November 22nd. TransUnion’s dividend payout ratio (DPR) is presently 36.52%.

Wall Street Analyst Weigh In

Several research firms have commented on TRU. Robert W. Baird raised their price objective on TransUnion from $104.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Wolfe Research upgraded shares of TransUnion from a “peer perform” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Thursday, October 10th. Morgan Stanley boosted their price target on shares of TransUnion from $103.00 to $119.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of TransUnion in a report on Thursday, October 24th. Finally, UBS Group began coverage on TransUnion in a report on Tuesday, October 1st. They set a “neutral” rating and a $110.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, TransUnion currently has an average rating of “Moderate Buy” and an average target price of $106.38.

Insider Activity at TransUnion

In related news, insider Steven M. Chaouki sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $95.65, for a total value of $95,650.00. Following the transaction, the insider now directly owns 64,488 shares of the company’s stock, valued at approximately $6,168,277.20. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $95.65, for a total value of $239,125.00. Following the sale, the executive vice president now owns 49,239 shares of the company’s stock, valued at $4,709,710.35. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $1,954,740 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

TransUnion 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.