LRT Capital Management LLC Has $1.86 Million Position in TriNet Group, Inc. (NYSE:TNET)

LRT Capital Management LLC raised its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 95.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,512 shares of the business services provider's stock after buying an additional 10,039 shares during the quarter. TriNet Group comprises about 1.5% of LRT Capital Management LLC's investment portfolio, making the stock its 26th biggest holding. LRT Capital Management LLC's holdings in TriNet Group were worth $1,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Wealthfront Advisers LLC purchased a new position in shares of TriNet Group in the 4th quarter worth $456,581,000. Vanguard Group Inc. raised its holdings in TriNet Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock worth $271,585,000 after purchasing an additional 36,216 shares during the period. Capital Research Global Investors grew its holdings in TriNet Group by 98.2% during the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after purchasing an additional 1,398,573 shares during the period. Massachusetts Financial Services Co. MA increased its position in TriNet Group by 18.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock worth $172,282,000 after buying an additional 289,071 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of TriNet Group by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after buying an additional 305,165 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a report on Monday, April 28th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th.

TriNet Group Price Performance

TriNet Group stock traded up $0.59 during mid-day trading on Friday, reaching $86.09. 150,907 shares of the company's stock traded hands, compared to its average volume of 460,237. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The stock has a 50 day moving average of $78.24 and a two-hundred day moving average of $84.79. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 25.18 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.32. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same quarter last year, the business earned $2.18 EPS. Equities analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were issued a dividend of $0.275 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.28%. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.