Trexquant Investment LP Takes $3.40 Million Position in Marriott Vacations Worldwide Co. (NYSE:VAC)

Trexquant Investment LP bought a new position in shares of Marriott Vacations Worldwide Co. (NYSE:VAC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,988 shares of the company’s stock, valued at approximately $3,395,000. Trexquant Investment LP owned approximately 0.11% of Marriott Vacations Worldwide as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $31,220,000. Van Berkom & Associates Inc. lifted its stake in Marriott Vacations Worldwide by 31.2% in the third quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company’s stock valued at $60,307,000 after acquiring an additional 142,349 shares during the last quarter. Burgundy Asset Management Ltd. grew its position in shares of Marriott Vacations Worldwide by 25.0% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 686,302 shares of the company’s stock valued at $69,063,000 after acquiring an additional 137,236 shares during the period. Victory Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 43.1% during the 3rd quarter. Victory Capital Management Inc. now owns 418,202 shares of the company’s stock worth $42,084,000 after purchasing an additional 125,926 shares during the last quarter. Finally, Senvest Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 5.9% in the 3rd quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock valued at $211,402,000 after purchasing an additional 116,823 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on VAC shares. Stifel Nicolaus boosted their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Truist Financial increased their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Barclays raised their target price on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Finally, Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $112.22.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $90.22 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of 16.68, a P/E/G ratio of 0.68 and a beta of 1.85. Marriott Vacations Worldwide Co. has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The business has a fifty day moving average price of $99.73 and a two-hundred day moving average price of $90.12.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. Marriott Vacations Worldwide’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Marriott Vacations Worldwide Co. will post 7.72 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $3.04 annualized dividend and a yield of 3.37%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.