Robeco Institutional Asset Management B.V. Has $4.13 Million Position in Wyndham Worldwide Corp (WYN)
Robeco Institutional Asset Management B.V. increased its position in Wyndham Worldwide Corp (NYSE:WYN) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,209 shares of the company’s stock after acquiring an additional 1,846 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Wyndham Worldwide Corp were worth $4,133,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in WYN. Dubuque Bank & Trust Co. grew its position in Wyndham Worldwide Corp by 125.0% in the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,483 shares of the company’s stock valued at $149,000 after buying an additional 824 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Wyndham Worldwide Corp in the 2nd quarter valued at about $158,000. Bronfman E.L. Rothschild L.P. grew its position in Wyndham Worldwide Corp by 26.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,625 shares of the company’s stock valued at $163,000 after buying an additional 338 shares in the last quarter. Smithfield Trust Co. bought a new position in Wyndham Worldwide Corp in the 2nd quarter valued at about $170,000. Finally, Weatherly Asset Management L. P. bought a new position in Wyndham Worldwide Corp in the 2nd quarter valued at about $200,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.
Wyndham Worldwide Corp (NYSE:WYN) opened at 105.74 on Tuesday. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 19.47 and a beta of 1.36. Wyndham Worldwide Corp has a 12 month low of $64.14 and a 12 month high of $110.74. The company has a 50-day moving average of $105.81 and a 200-day moving average of $100.84.
Wyndham Worldwide Corp (NYSE:WYN) last released its quarterly earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide Corp had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts predict that Wyndham Worldwide Corp will post $6.08 EPS for the current year.
Wyndham Worldwide Corp announced that its Board of Directors has approved a share buyback program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, Director George Herrera sold 323 shares of Wyndham Worldwide Corp stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $97.60, for a total value of $31,524.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.39% of the company’s stock.
A number of equities analysts recently issued reports on WYN shares. Zacks Investment Research lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Telsey Advisory Group lowered shares of Wyndham Worldwide Corp from an “outperform” rating to a “market perform” rating and set a $115.00 target price for the company. in a research report on Friday, August 4th. Finally, BidaskClub lowered shares of Wyndham Worldwide Corp from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Wyndham Worldwide Corp presently has an average rating of “Hold” and an average target price of $108.29.
Wyndham Worldwide Corp Profile
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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