Canada Pension Plan Investment Board reduced its stake in Dun & Bradstreet Corp (NYSE:DNB) by 36.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the business services provider’s stock after selling 8,700 shares during the period. Canada Pension Plan Investment Board’s holdings in Dun & Bradstreet were worth $1,746,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Dun & Bradstreet by 2.0% in the second quarter. Creative Planning now owns 1,257 shares of the business services provider’s stock worth $136,000 after acquiring an additional 25 shares during the last quarter. ETF Managers Group LLC purchased a new position in Dun & Bradstreet in the second quarter worth about $173,000. Nomura Holdings Inc. bought a new position in shares of Dun & Bradstreet in the second quarter worth about $206,000. Tocqueville Asset Management L.P. bought a new position in shares of Dun & Bradstreet in the second quarter worth about $216,000. Finally, First Mercantile Trust Co. bought a new position in shares of Dun & Bradstreet in the second quarter worth about $230,000. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. Barclays raised Dun & Bradstreet from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $105.00 to $125.00 in a research note on Monday, November 13th. Goldman Sachs Group initiated coverage on Dun & Bradstreet in a research note on Wednesday, November 8th. They set a “neutral” rating and a $125.00 target price on the stock. Robert W. Baird decreased their target price on Dun & Bradstreet from $130.00 to $127.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded Dun & Bradstreet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Dun & Bradstreet currently has a consensus rating of “Hold” and an average price target of $125.75.
Dun & Bradstreet Corp (NYSE:DNB) traded down $0.17 during midday trading on Monday, reaching $122.59. The company’s stock had a trading volume of 209,494 shares, compared to its average volume of 359,894. The stock has a market cap of $4,537.18, a PE ratio of 17.22, a PEG ratio of 1.90 and a beta of 1.27. The company has a debt-to-equity ratio of -1.93, a current ratio of 0.92 and a quick ratio of 0.92. Dun & Bradstreet Corp has a fifty-two week low of $100.46 and a fifty-two week high of $125.57.
Dun & Bradstreet (NYSE:DNB) last released its quarterly earnings results on Wednesday, November 1st. The business services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.21. The business had revenue of $428.30 million during the quarter, compared to analysts’ expectations of $428.81 million. Dun & Bradstreet had a negative return on equity of 28.31% and a net margin of 11.12%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.79 EPS. equities analysts predict that Dun & Bradstreet Corp will post 7.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a yield of 1.64%. The ex-dividend date is Tuesday, November 21st. Dun & Bradstreet’s dividend payout ratio is presently 38.73%.
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About Dun & Bradstreet
The Dun & Bradstreet Corporation is the source of commercial data, analytics and insight on businesses. The Company operates through two segments: Americas, which consists of its operations in the United States and Canada, and Non-Americas, which consists of its operations in the United Kingdom, Greater China, India, and its European and Asia Pacific Worldwide Networks.
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