Vanguard Group Inc. Sells 649,291 Shares of Dun & Bradstreet Holdings, Inc. $DNB

Key Points

• Vanguard Group Inc. reduced its holdings in Dun & Bradstreet Holdings, Inc. by 2.0%, now owning approximately 31.7 million shares valued at $283.4 million as of its latest SEC filing.
• Other institutional investors, including Dimensional Fund Advisors LP and Vulcan Value Partners LLC, increased their positions in Dun & Bradstreet during the fourth quarter, indicating mixed investor sentiment.
• Dun & Bradstreet's stock currently holds a average rating of "Hold" among analysts, with a target price of $11.63, following recent downgrades from some investment firms.

Vanguard Group Inc. reduced its holdings in Dun & Bradstreet Holdings, Inc. (NYSE:DNB - Free Report) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,702,694 shares of the business services provider's stock after selling 649,291 shares during the period. Vanguard Group Inc. owned approximately 7.10% of Dun & Bradstreet worth $283,422,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DNB. Bank of Nova Scotia grew its holdings in Dun & Bradstreet by 17.7% during the 1st quarter. Bank of Nova Scotia now owns 33,934 shares of the business services provider's stock worth $303,000 after acquiring an additional 5,111 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Dun & Bradstreet by 146.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,831 shares of the business services provider's stock valued at $204,000 after buying an additional 13,564 shares in the last quarter. Vulcan Value Partners LLC raised its position in Dun & Bradstreet by 50.3% in the 1st quarter. Vulcan Value Partners LLC now owns 4,103,360 shares of the business services provider's stock worth $36,684,000 after buying an additional 1,373,476 shares during the last quarter. Alberta Investment Management Corp purchased a new position in Dun & Bradstreet in the 1st quarter worth about $2,235,000. Finally, Alpine Associates Management Inc. bought a new stake in shares of Dun & Bradstreet during the 1st quarter valued at about $9,035,000. Institutional investors and hedge funds own 86.68% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Dun & Bradstreet in a research note on Friday, May 2nd. Wall Street Zen began coverage on Dun & Bradstreet in a research report on Wednesday, May 21st. They issued a "hold" rating for the company. Finally, Raymond James Financial cut Dun & Bradstreet from a "strong-buy" rating to a "market perform" rating in a report on Friday, June 13th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.63.

Dun & Bradstreet Stock Up 0.1%

Shares of NYSE DNB traded up $0.0050 on Thursday, hitting $9.1050. The company had a trading volume of 687,475 shares, compared to its average volume of 8,286,185. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.15. Dun & Bradstreet Holdings, Inc. has a 12-month low of $7.78 and a 12-month high of $12.94. The firm has a market capitalization of $4.06 billion, a P/E ratio of -101.17 and a beta of 1.12.

Insiders Place Their Bets

In other news, Chairman William P. Foley II sold 2,500,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $9.09, for a total value of $22,725,000.00. Following the transaction, the chairman directly owned 3,109,644 shares of the company's stock, valued at $28,266,663.96. The trade was a 44.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.44% of the stock is currently owned by company insiders.

Dun & Bradstreet 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.