Glen Harbor Capital Management LLC raised its position in Dun & Bradstreet Corp (NYSE:DNB) by 51.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,872 shares of the business services provider’s stock after acquiring an additional 1,312 shares during the period. Glen Harbor Capital Management LLC’s holdings in Dun & Bradstreet were worth $475,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DNB. Cerebellum GP LLC acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter worth $174,000. Cutler Group LP acquired a new stake in shares of Dun & Bradstreet in the 2nd quarter worth $196,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of Dun & Bradstreet in the 1st quarter worth $217,000. TLP Group LLC lifted its stake in shares of Dun & Bradstreet by 2,480.2% in the 1st quarter. TLP Group LLC now owns 2,090 shares of the business services provider’s stock worth $245,000 after acquiring an additional 2,009 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Dun & Bradstreet in the 1st quarter worth $292,000. Institutional investors own 88.68% of the company’s stock.
Shares of NYSE DNB opened at $144.54 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of -1.73. Dun & Bradstreet Corp has a 52 week low of $105.42 and a 52 week high of $145.00. The stock has a market capitalization of $5.35 billion, a P/E ratio of 18.84, a P/E/G ratio of 2.84 and a beta of 1.26.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Wednesday, August 22nd were paid a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, August 21st. Dun & Bradstreet’s dividend payout ratio (DPR) is 28.40%.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Dun & Bradstreet from a “sell” rating to a “hold” rating in a research note on Monday, August 27th. Robert W. Baird raised their price objective on shares of Dun & Bradstreet from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. ValuEngine upgraded shares of Dun & Bradstreet from a “hold” rating to a “buy” rating in a research note on Thursday, August 9th. Wells Fargo & Co raised their price objective on shares of Dun & Bradstreet from $113.00 to $120.00 and gave the company a “market perform” rating in a research note on Monday, June 25th. Finally, Barclays reiterated an “equal weight” rating and issued a $145.00 price objective (up previously from $140.00) on shares of Dun & Bradstreet in a research note 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.00.
About Dun & Bradstreet
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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