LRT Capital Management LLC Acquires 10,039 Shares of TriNet Group, Inc. (NYSE:TNET)

LRT Capital Management LLC grew its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 95.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,512 shares of the business services provider’s stock after purchasing an additional 10,039 shares during the quarter. TriNet Group makes up approximately 1.5% of LRT Capital Management LLC’s investment portfolio, making the stock its 26th largest position. 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 hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its stake in TriNet Group by 201.0% in the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider’s stock worth $9,179,000 after buying an additional 63,201 shares during the period. Tidal Investments LLC grew its stake in TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider’s stock worth $495,000 after acquiring an additional 263 shares in the last quarter. Franklin Resources Inc. grew its stake in TriNet Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after acquiring an additional 169 shares in the last quarter. Reinhart Partners LLC. increased its position in shares of TriNet Group by 0.5% during the fourth quarter. Reinhart Partners LLC. now owns 234,068 shares of the business services provider’s stock worth $21,246,000 after acquiring an additional 1,113 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in shares of TriNet Group by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 162,369 shares of the business services provider’s stock valued at $14,738,000 after acquiring an additional 6,936 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Trading Down 0.2%

NYSE TNET opened at $82.02 on Monday. The company’s 50-day simple moving average is $77.46 and its two-hundred day simple moving average is $84.74. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $116.26. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 23.98 and a beta of 0.91. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.32. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm posted $2.18 earnings per share. Equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.34%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date was Tuesday, April 1st. TriNet Group’s payout ratio is presently 32.84%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. Finally, TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 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 value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on 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 transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 38.10% of the company’s stock.

TriNet Group Profile

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.