Quantinno Capital Management LP Buys 38,100 Shares of Travel + Leisure Co. (NYSE:TNL)

Quantinno Capital Management LP boosted its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 105.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,210 shares of the company's stock after purchasing an additional 38,100 shares during the period. Quantinno Capital Management LP owned 0.11% of Travel + Leisure worth $3,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TNL. Invesco Ltd. raised its position in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after acquiring an additional 163,804 shares during the last quarter. Copeland Capital Management LLC raised its position in shares of Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after acquiring an additional 12,111 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock worth $71,358,000 after acquiring an additional 58,944 shares during the last quarter. Northern Trust Corp raised its position in shares of Travel + Leisure by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock worth $52,302,000 after acquiring an additional 90,553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of analyst reports. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Mizuho restated a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and raised their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Barclays decreased their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $59.20.

Insider Activity

In other news, insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George Herrera sold 6,336 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Trading Down 0.1%

NYSE TNL traded down $0.07 during trading hours on Friday, hitting $47.82. 556,128 shares of the company's stock were exchanged, compared to its average volume of 641,692. The stock has a 50-day simple moving average of $45.47 and a 200 day simple moving average of $50.58. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.68%. Travel + Leisure's dividend payout ratio is 37.40%.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel 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 (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.