Shares of Travel + Leisure Co. (NYSE:TNL) purchased by Robeco Institutional Asset Management BV



Robeco Institutional Asset Management BV increased its holding in shares of Travel + Leisure Co. (NYSE: NLGet a rating) by 249.0% in the 1st quarter, HoldingsChannel reports. The institutional investor held 42,936 shares of the company after purchasing an additional 30,632 shares during the quarter. Robeco Institutional Asset Management BV’s holdings in Travel + Leisure were worth $2,487,000 when it last filed with the SEC.

A number of other big investors also changed their positions in the stock. Bailard Inc. acquired a new position in Travel + Leisure during Q1 worth approximately $267,000. Truist Financial Corp increased its position in Travel + Leisure by 5.4% in Q1. Truist Financial Corp now owns 46,630 shares of the company valued at $2,702,000 after buying an additional 2,386 shares last quarter. Wright Investors Service Inc. increased its position in Travel + Leisure by 103.6% during the 1st quarter. Wright Investors Service Inc. now owns 65,576 shares of the company valued at $3,799,000 after purchasing an additional 33,364 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Travel + Leisure by 1.8% in Q1. Louisiana State Employees Retirement System now owns 22,600 shares of the company valued at $1,261,000 after buying 400 additional shares last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of Travel + Leisure by 119.3% in the first quarter. Retirement Systems of Alabama now owns 247,832 shares of the company valued at $14,359,000 after purchasing an additional 134,827 shares during the period. 87.70% of the shares are currently held by institutional investors.

Shares of NL opened at $39.75 on Friday. Travel + Leisure Co. has a 52-week minimum of $37.67 and a 52-week maximum of $63.19. The company has a market capitalization of $3.40 billion, a price-earnings ratio of 10.52 and a beta of 1.73. The stock’s 50-day moving average price is $45.29 and its 200-day moving average price is $52.03.

Travel + Leisure (NYSE: NLGet a rating) last released its results on Thursday, April 28. The company reported EPS of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The company posted revenue of $809.00 million in the quarter, compared to $772.11 million expected by analysts. During the same quarter of the previous year, the company achieved EPS of $0.39. The company’s quarterly revenue increased by 28.8% compared to the same quarter last year. Equity research analysts expect Travel + Leisure Co. to post EPS of 4.54 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 15 received a dividend of $0.40. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 4.03%. Travel + Leisure’s payout ratio is 42.33%.

A number of research analysts have weighed in on NL shares recently. Barclays began covering Travel + Leisure in a report on Tuesday June 28. They issued an “equal weight” rating on the stock. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and raised its price target for the business from $62.00 to $79.00 in a Friday, April 29 report . One research analyst gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.60.

Separately, insider James J. Savina sold 5,500 shares of the company in a trade dated Friday, April 29. The stock was sold at an average price of $57.19, for a total value of $314,545.00. Following the sale, the insider now owns 13,659 shares of the company, valued at $781,158.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 2.07% of the shares are held by insiders.

Travel + Leisure Company Profile (Get a rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and products in the United States and internationally. The Company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOI) to individual consumers; provides consumer finance in connection with the sale of VOI; and provides property management services at resorts.

Read more

Want to see what other hedge funds hold TNL? Visit HoldingsChannel.com for the latest 13F documents and insider transactions for Travel + Leisure Co. (NYSE: NLGet a rating).

Institutional ownership by quarter for Travel + Leisure (NYSE:TNL)



Get news and reviews for Travel + Leisure Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Travel + Leisure and related companies with MarketBeat.com’s free daily email newsletter.

Previous Summer Parsha Stories Podcast: Sefer Bamidbar-Balak
Next Easy opportunities during the scorching days of summer