Dynamic Technology Lab Private Ltd Invests $2.17 Million in Marriott Vacations Worldwide Co. (NYSE:VAC)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,170 shares of the company's stock, valued at approximately $2,170,000. Marriott Vacations Worldwide accounts for approximately 0.3% of Dynamic Technology Lab Private Ltd's holdings, making the stock its 25th biggest holding. Dynamic Technology Lab Private Ltd owned about 0.07% of Marriott Vacations Worldwide at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Marriott Vacations Worldwide by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company's stock worth $575,000 after acquiring an additional 166 shares during the last quarter. Stifel Financial Corp increased its position in shares of Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after purchasing an additional 184 shares during the last quarter. Xponance Inc. raised its holdings in Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company's stock valued at $342,000 after buying an additional 221 shares during the period. Blue Trust Inc. lifted its position in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares during the last quarter. Finally, Quarry LP boosted its stake in Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company's stock worth $59,000 after buying an additional 363 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Down 9.7 %

Shares of Marriott Vacations Worldwide stock traded down $5.74 on Thursday, reaching $53.54. 226,722 shares of the company were exchanged, compared to its average volume of 432,032. The stock's 50 day moving average price is $72.88 and its 200-day moving average price is $81.49. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide Co. has a 1-year low of $49.22 and a 1-year high of $103.51. The company has a market cap of $1.85 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.90%. Marriott Vacations Worldwide's dividend payout ratio is currently 56.23%.

Insider Activity

In related news, insider Stephanie Sobeck Butera bought 650 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VAC shares. Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Barclays lowered their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Mizuho boosted their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Truist Financial lowered their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $102.75.

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.