Dun & Bradstreet (NYSE:DNB) Sets New 1-Year Low – Here’s What Happened

Dun & Bradstreet Holdings, Inc. (NYSE:DNB) shares reached a new 52-week low on Monday . The company traded as low as $8.39 and last traded at $8.43, with a volume of 3873344 shares. The stock had previously closed at $8.81.

Analyst Upgrades and Downgrades

DNB has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on Dun & Bradstreet from $12.80 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Dun & Bradstreet in a research report on Wednesday, January 29th. Finally, Needham & Company LLC lowered their price objective on shares of Dun & Bradstreet from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.50.

Dun & Bradstreet Price Performance

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.70. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -140.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.19. The stock’s fifty day moving average price is $10.89 and its 200-day moving average price is $11.53.

Dun & Bradstreet (NYSE:DNB) last announced its earnings results on Thursday, February 20th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $631.90 million for the quarter, compared to analyst estimates of $658.04 million. Dun & Bradstreet had a negative net margin of 1.20% and a positive return on equity of 11.29%. Equities research analysts predict that Dun & Bradstreet Holdings, Inc. will post 0.96 EPS for the current fiscal year.

Dun & Bradstreet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 annualized dividend and a yield of 2.37%. Dun & Bradstreet’s dividend payout ratio (DPR) is presently -333.33%.

Institutional Trading of Dun & Bradstreet

Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in Dun & Bradstreet by 9.8% in 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 buying an additional 468,027 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Dun & Bradstreet by 23.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,976,053 shares of the business services provider’s stock worth $45,764,000 after acquiring an additional 760,956 shares in the last quarter. Park Avenue Securities LLC boosted its position in Dun & Bradstreet by 15.5% during the fourth quarter. Park Avenue Securities LLC now owns 60,548 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 8,103 shares during the last quarter. Barclays PLC grew its stake in Dun & Bradstreet by 144.9% in the third quarter. Barclays PLC now owns 1,192,700 shares of the business services provider’s stock valued at $13,728,000 after purchasing an additional 705,707 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Dun & Bradstreet by 62.2% in the 3rd quarter. MML Investors Services LLC now owns 27,795 shares of the business services provider’s stock worth $320,000 after purchasing an additional 10,658 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

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.