Arrowstreet Capital Limited Partnership Acquires 2,769,273 Shares of Hayward Holdings, Inc. (NYSE:HAYW)

Arrowstreet Capital Limited Partnership grew its stake in shares of Hayward Holdings, Inc. (NYSE:HAYW) by 525.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,295,833 shares of the company’s stock after purchasing an additional 2,769,273 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hayward were worth $50,393,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Hayward by 24.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,265,794 shares of the company’s stock valued at $19,417,000 after acquiring an additional 251,788 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Hayward during the third quarter valued at about $706,000. Quantbot Technologies LP increased its holdings in shares of Hayward by 118.4% in the third quarter. Quantbot Technologies LP now owns 48,550 shares of the company’s stock worth $745,000 after purchasing an additional 26,324 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hayward by 18.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,637,305 shares of the company’s stock worth $86,476,000 after buying an additional 878,705 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in Hayward during the third quarter valued at approximately $217,000.

Hayward Trading Down 2.1 %

Shares of NYSE HAYW opened at $13.63 on Wednesday. The stock has a market capitalization of $2.94 billion, a P/E ratio of 32.44, a PEG ratio of 1.87 and a beta of 1.16. Hayward Holdings, Inc. has a 1-year low of $11.96 and a 1-year high of $16.87. The business’s 50 day moving average is $14.44 and its two-hundred day moving average is $15.07. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.62 and a quick ratio of 1.69.

Hayward (NYSE:HAYW) last released its earnings results on Thursday, February 27th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $327.08 million for the quarter, compared to the consensus estimate of $302.76 million. Hayward had a return on equity of 9.93% and a net margin of 9.47%. As a group, research analysts expect that Hayward Holdings, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird lifted their price objective on Hayward from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Stifel Nicolaus raised shares of Hayward from a “hold” rating to a “buy” rating and set a $16.50 target price for the company in a report on Wednesday, February 5th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, January 6th.

Insider Activity

In related news, CEO Kevin Holleran sold 50,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.52, for a total transaction of $726,000.00. Following the transaction, the chief executive officer now directly owns 522,799 shares in the company, valued at approximately $7,591,041.48. This represents a 8.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.25% of the company’s stock.

About Hayward

Hayward Holdings, Inc designs, manufactures, and markets a portfolio of pool equipment and associated automation systems in North America, Europe, and internationally. The company offers pool equipment, including pumps, filters, robotics, suction and pressure cleaners, gas heaters and heat pumps, water features and landscape lighting, water sanitizers, salt chlorine generators, safety equipment, and in-floor automated cleaning systems, as well as LED illumination solutions.