Connor Clark & Lunn Investment Management Ltd. Has $2.04 Million Stock Holdings in TransUnion (NYSE:TRU)

Posted by Defense World Staff on May 29th, 2023

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of TransUnion (NYSE:TRU – Get Rating) by 522.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,948 shares of the business services provider’s stock after buying an additional 30,173 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in TransUnion were worth $2,040,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in TransUnion by 0.9% during the third quarter. Vanguard Group Inc. now owns 17,211,931 shares of the business services provider’s stock valued at $1,023,938,000 after purchasing an additional 155,910 shares in the last quarter. Farallon Capital Management LLC boosted its holdings in TransUnion by 6.0% during the third quarter. Farallon Capital Management LLC now owns 7,907,895 shares of the business services provider’s stock valued at $470,441,000 after purchasing an additional 444,899 shares in the last quarter. BlueSpruce Investments LP boosted its holdings in TransUnion by 19.4% during the third quarter. BlueSpruce Investments LP now owns 5,983,742 shares of the business services provider’s stock valued at $355,973,000 after purchasing an additional 973,517 shares in the last quarter. State Street Corp boosted its holdings in TransUnion by 0.7% during the third quarter. State Street Corp now owns 3,984,075 shares of the business services provider’s stock valued at $237,013,000 after purchasing an additional 26,805 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of TransUnion by 18.4% in the 4th quarter. Van ECK Associates Corp now owns 2,724,042 shares of the business services provider’s stock worth $154,589,000 after acquiring an additional 422,400 shares in the last quarter. 95.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TransUnion

In related news, insider Todd C. Skinner sold 25,989 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $60.00, for a total value of $1,559,340.00. Following the completion of the sale, the insider now owns 28,749 shares in the company, valued at approximately $1,724,940. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Steven M. Chaouki sold 951 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $70.51, for a total value of $67,055.01. Following the completion of the transaction, the insider now directly owns 63,323 shares of the company’s stock, valued at approximately $4,464,904.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Todd C. Skinner sold 25,989 shares of the company’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $60.00, for a total transaction of $1,559,340.00. Following the completion of the transaction, the insider now directly owns 28,749 shares of the company’s stock, valued at $1,724,940. The disclosure for this sale can be found here. Insiders sold a total of 43,978 shares of company stock worth $2,650,453 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

TransUnion Stock Performance

Shares of TransUnion stock opened at $72.40 on Monday. The firm has a fifty day moving average of $64.55 and a two-hundred day moving average of $64.09. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 51.35, a PEG ratio of 0.68 and a beta of 1.37. TransUnion has a 52 week low of $50.32 and a 52 week high of $90.08. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.57 and a current ratio of 1.57.

TransUnion (NYSE:TRU – Get Rating) last issued its earnings results on Tuesday, April 25th. The business services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.66 by $0.05. The company had revenue of $940.30 million during the quarter, compared to analysts’ expectations of $913.69 million. TransUnion had a net margin of 7.34% and a return on equity of 14.47%. As a group, equities research analysts predict that TransUnion will post 3.19 EPS for the current year.

TransUnion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 19th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, May 18th. TransUnion’s dividend payout ratio is currently 29.79%.

Wall Street Analyst Weigh In

TRU has been the topic of several recent analyst reports. BNP Paribas raised TransUnion from a “neutral” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Wednesday, March 1st. The Goldman Sachs Group boosted their target price on TransUnion from $67.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, February 6th. StockNews.com initiated coverage on TransUnion in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Barclays reduced their target price on TransUnion from $72.00 to $67.00 and set an “equal weight” rating on the stock in a report on Friday, March 31st. Finally, Robert W. Baird boosted their target price on TransUnion from $78.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, TransUnion presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

About TransUnion

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TransUnion engages in the provision of information and risk management solutions. It also provides consumer reports, risk scores, analytical services, and decision-making capabilities to businesses. It operates through the following segments: U.S. Markets, International, Consumer Interactive, and Corporate.