Boston Partners Acquires 430,053 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Boston Partners raised its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,227,106 shares of the company’s stock after purchasing an additional 430,053 shares during the period. Boston Partners’ holdings in Wyndham Hotels & Resorts were worth $247,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WH. Raymond James Financial Services Advisors Inc. grew its holdings in Wyndham Hotels & Resorts by 11.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 8,424 shares of the company’s stock valued at $677,000 after purchasing an additional 875 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $2,011,000. GAM Holding AG acquired a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $322,000. International Assets Investment Management LLC grew its holdings in Wyndham Hotels & Resorts by 7,941.0% during the fourth quarter. International Assets Investment Management LLC now owns 15,680 shares of the company’s stock valued at $1,261,000 after purchasing an additional 15,485 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in Wyndham Hotels & Resorts by 62.6% during the fourth quarter. Allworth Financial LP now owns 395 shares of the company’s stock valued at $32,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.27 during trading on Friday, reaching $75.20. 1,015,097 shares of the company’s stock were exchanged, compared to its average volume of 870,010. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $65.63 and a fifty-two week high of $81.73. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.83. The business has a 50 day moving average price of $72.94 and a 200 day moving average price of $74.70. The company has a market capitalization of $5.94 billion, a P/E ratio of 26.66, a PEG ratio of 2.59 and a beta of 1.34.

Wyndham Hotels & Resorts (NYSE:WH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm had revenue of $367.00 million for the quarter, compared to the consensus estimate of $370.58 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. Wyndham Hotels & Resorts’s dividend payout ratio is currently 53.90%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The stock was sold at an average price of $69.46, for a total transaction of $280,618.40. Following the completion of the transaction, the insider now directly owns 28,722 shares of the company’s stock, valued at $1,995,030.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Wyndham Hotels & Resorts news, insider Scott R. Strickland sold 4,076 shares of Wyndham Hotels & Resorts stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $67.81, for a total transaction of $276,393.56. Following the completion of the transaction, the insider now directly owns 28,912 shares of the company’s stock, valued at $1,960,522.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott R. Strickland sold 4,040 shares of Wyndham Hotels & Resorts stock in a transaction on Friday, May 24th. The shares were sold at an average price of $69.46, for a total value of $280,618.40. Following the transaction, the insider now directly owns 28,722 shares of the company’s stock, valued at $1,995,030.12. The disclosure for this sale can be found here. Insiders have sold 18,254 shares of company stock worth $1,314,144 over the last 90 days. Corporate insiders own 2.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WH. StockNews.com initiated coverage on Wyndham Hotels & Resorts in a report on Saturday, June 22nd. They set a “hold” rating on the stock. Stifel Nicolaus lowered their price objective on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Wyndham Hotels & Resorts from $86.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $89.43.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.