Baxter Bros Inc. Decreases Stake in TriNet Group, Inc. (NYSE:TNET)

Baxter Bros Inc. lessened its stake in TriNet Group, Inc. (NYSE:TNET) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,765 shares of the business services provider’s stock after selling 135 shares during the quarter. Baxter Bros Inc.’s holdings in TriNet Group were worth $1,703,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TNET. Wealthfront Advisers LLC purchased a new stake in shares of TriNet Group during the 4th quarter worth approximately $456,581,000. Vanguard Group Inc. raised its holdings in TriNet Group by 1.2% during the fourth 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 last quarter. Wellington Management Group LLP raised its stake in shares of TriNet Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock worth $128,169,000 after buying an additional 184,186 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after buying an additional 162,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in TriNet Group by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider’s stock valued at $44,825,000 after acquiring an additional 20,483 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was 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 owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock valued at $833,436. Insiders own 37.10% of the company’s stock.

TriNet Group Price Performance

TriNet Group stock opened at $79.92 on Tuesday. The stock has a market capitalization of $3.96 billion, a P/E ratio of 23.37 and a beta of 1.26. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average is $82.44 and its two-hundred day moving average is $89.22.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. Equities analysts predict 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 will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.38%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio is currently 32.16%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

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.