Arrowstreet Capital Limited Partnership Buys 148,457 Shares of Marriott Vacations Worldwide Co. (NYSE:VAC)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 45.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,938 shares of the company's stock after acquiring an additional 148,457 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.36% of Marriott Vacations Worldwide worth $42,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the 4th quarter worth about $50,000. Quarry LP increased its position in Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company's stock valued at $59,000 after acquiring an additional 363 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth about $97,000. Finally, Atala Financial Inc acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $112,000. 89.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the company's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at $628,458.20. This trade represents a 8.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VAC shares. The Goldman Sachs Group boosted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Stifel Nicolaus lowered their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial lowered their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Barclays cut their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $102.75.

Marriott Vacations Worldwide Trading Down 3.5 %

Shares of VAC stock traded down $1.98 on Friday, hitting $54.64. The stock had a trading volume of 770,321 shares, compared to its average volume of 426,682. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide Co. has a twelve month low of $50.97 and a twelve month high of $104.49. The company has a fifty day moving average price of $76.19 and a two-hundred day moving average price of $82.30. The firm has a market cap of $1.89 billion, a P/E ratio of 10.41, a PEG ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. As a group, analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is currently 56.23%.

Marriott Vacations Worldwide Company Profile

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.