Dynamic Technology Lab Private Ltd Has $1.82 Million Position in Travel + Leisure Co. (NYSE:TNL)

Dynamic Technology Lab Private Ltd raised its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 511.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,620 shares of the company's stock after acquiring an additional 38,996 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.06% of Travel + Leisure worth $1,822,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $34,967,000. ING Groep NV grew its holdings in Travel + Leisure by 5.3% during the fourth quarter. ING Groep NV now owns 30,000 shares of the company's stock valued at $1,173,000 after purchasing an additional 1,500 shares during the period. Great Lakes Advisors LLC increased its stake in Travel + Leisure by 26.4% in the fourth quarter. Great Lakes Advisors LLC now owns 15,797 shares of the company's stock valued at $618,000 after purchasing an additional 3,296 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Travel + Leisure by 5.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 33,763 shares of the company's stock worth $1,320,000 after purchasing an additional 1,685 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Travel + Leisure during the fourth quarter worth $398,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Down 2.3 %

Shares of NYSE:TNL traded down $1.06 during mid-day trading on Friday, reaching $45.05. 348,548 shares of the stock were exchanged, compared to its average volume of 568,635. The company has a market cap of $3.21 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.53 and a beta of 1.63. The stock's 50 day simple moving average is $45.82 and its 200-day simple moving average is $41.87. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.02.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same period last year, the company earned $0.89 earnings per share. The firm's revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Travel + Leisure Co. will post 5.52 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. Travel + Leisure's dividend payout ratio is 36.83%.

Insider Activity

In other news, Director George Herrera sold 2,969 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now owns 2,193 shares in the company, valued at approximately $99,408.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Kimberly Marshall sold 4,953 shares of the firm's stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Herrera sold 2,969 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock worth $1,318,358 in the last quarter. Corporate insiders own 4.02% of the company's stock.

Analyst Ratings Changes

TNL has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Mizuho assumed coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a "neutral" rating and a $55.00 price target on the stock. Barclays boosted their price objective on Travel + Leisure from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, April 25th. Finally, JMP Securities initiated coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They set an "outperform" rating and a $50.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.83.

About Travel + Leisure

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.

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