Bridgewater Associates LP Acquires New Stake in Dun & Bradstreet Holdings, Inc. (NYSE:DNB)

Bridgewater Associates LP purchased a new stake in shares of Dun & Bradstreet Holdings, Inc. (NYSE:DNB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 223,337 shares of the business services provider’s stock, valued at approximately $2,783,000. Bridgewater Associates LP owned 0.05% of Dun & Bradstreet as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its position in Dun & Bradstreet by 7,875.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 32,299 shares of the business services provider’s stock valued at $402,000 after buying an additional 31,894 shares during the period. State Street Corp grew its position in shares of Dun & Bradstreet by 9.8% during the 3rd quarter. State Street Corp now owns 5,227,336 shares of the business services provider’s stock valued at $60,167,000 after acquiring an additional 468,027 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Dun & Bradstreet in the 4th quarter worth $323,000. Charles Schwab Investment Management Inc. raised its holdings in Dun & Bradstreet by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,075,848 shares of the business services provider’s stock worth $50,785,000 after purchasing an additional 99,795 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Dun & Bradstreet by 9.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,657,713 shares of the business services provider’s stock valued at $20,655,000 after purchasing an additional 141,054 shares in the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Dun & Bradstreet Stock Performance

DNB opened at $8.75 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.65. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -145.73, a PEG ratio of 2.21 and a beta of 1.14. The company has a fifty day moving average of $9.00 and a 200 day moving average of $10.90. Dun & Bradstreet Holdings, Inc. has a fifty-two week low of $7.78 and a fifty-two week high of $12.95.

Dun & Bradstreet (NYSE:DNB) last issued its quarterly earnings data on Thursday, February 20th. The business services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $631.90 million for the quarter, compared to analysts’ expectations of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. As a group, sell-side analysts forecast that Dun & Bradstreet Holdings, Inc. will post 0.96 earnings per share for the current fiscal year.

Dun & Bradstreet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.29%. Dun & Bradstreet’s dividend payout ratio is currently -333.33%.

Insider Activity at Dun & Bradstreet

In related news, Chairman William P. Foley II sold 2,500,000 shares of Dun & Bradstreet stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.99, for a total value of $22,475,000.00. Following the completion of the transaction, the chairman now owns 8,109,644 shares in the company, valued at approximately $72,905,699.56. This trade represents a 23.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.44% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DNB shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Dun & Bradstreet in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of Dun & Bradstreet in a report on Wednesday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $9.15 price objective (down from $11.00) on shares of Dun & Bradstreet in a research note on Tuesday, March 25th. StockNews.com initiated coverage on shares of Dun & Bradstreet in a research note on Friday, April 11th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group cut their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating for the company in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $11.86.

Dun & Bradstreet Company Profile

Dun & Bradstreet Holdings, Inc engages in providing business decisioning data and analytics solutions. The firm is involved in providing information with its solutions to support its clients with critical business operations. It offers end-to-end solutions to clients in the small business, finance, sales & marketing, third party risk & compliance, and public sectors.