AQR Capital Management LLC Has $15.92 Million Stake in TransUnion (NYSE:TRU)

AQR Capital Management LLC grew its holdings in shares of TransUnion (NYSE:TRU) by 843.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,678 shares of the business services provider’s stock after acquiring an additional 191,918 shares during the period. AQR Capital Management LLC owned 0.11% of TransUnion worth $15,921,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI grew its stake in TransUnion by 1.9% during the second quarter. Zurich Insurance Group Ltd FI now owns 1,054,952 shares of the business services provider’s stock worth $78,235,000 after purchasing an additional 19,678 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of TransUnion by 60.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,198 shares of the business services provider’s stock worth $2,759,000 after buying an additional 14,071 shares during the period. Marshall Wace LLP increased its stake in shares of TransUnion by 4.2% in the 2nd quarter. Marshall Wace LLP now owns 1,087,168 shares of the business services provider’s stock valued at $80,624,000 after acquiring an additional 43,446 shares in the last quarter. Xponance Inc. lifted its position in shares of TransUnion by 1.9% during the 2nd quarter. Xponance Inc. now owns 17,861 shares of the business services provider’s stock valued at $1,325,000 after acquiring an additional 333 shares during the period. Finally, Lombard Odier Asset Management USA Corp bought a new position in TransUnion during the second quarter worth $390,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TRU shares. Royal Bank of Canada lifted their price target on shares of TransUnion from $85.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays upped their price target on TransUnion from $80.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, September 13th. Robert W. Baird increased their price target on TransUnion from $94.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Morgan Stanley boosted their price objective on TransUnion from $96.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Company upgraded TransUnion to a “strong-buy” rating in a report on Tuesday, August 13th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $93.13.

Insider Activity at TransUnion

In other TransUnion news, CAO Jennifer A. Williams sold 405 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $95.58, for a total transaction of $38,709.90. Following the completion of the transaction, the chief accounting officer now owns 7,186 shares in the company, valued at $686,837.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Jennifer A. Williams sold 405 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $95.58, for a total value of $38,709.90. Following the completion of the transaction, the chief accounting officer now directly owns 7,186 shares of the company’s stock, valued at $686,837.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy J. Martin sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were 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 in the company, valued at $4,709,710.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,080 shares of company stock worth $2,067,454. Company insiders own 0.22% of the company’s stock.

TransUnion Stock Performance

NYSE TRU opened at $103.45 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $20.10 billion, a PE ratio of -72.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. TransUnion has a 52-week low of $42.09 and a 52-week high of $106.67. The company has a 50-day simple moving average of $94.05 and a 200 day simple moving average of $82.10.

TransUnion (NYSE:TRU) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. TransUnion had a negative net margin of 6.11% and a positive return on equity of 15.03%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. TransUnion’s revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that TransUnion will post 3.44 EPS for the current year.

TransUnion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.105 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.42 annualized dividend and a dividend yield of 0.41%. TransUnion’s payout ratio is -29.37%.

TransUnion Company 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.