Robeco Institutional Asset Management B.V. Buys 971 Shares of Vail Resorts, Inc. (NYSE:MTN)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Vail Resorts, Inc. (NYSE:MTN) by 12.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,695 shares of the company’s stock after buying an additional 971 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Vail Resorts were worth $1,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in Vail Resorts by 14,502.1% during the fourth quarter. International Assets Investment Management LLC now owns 48,041 shares of the company’s stock worth $10,255,000 after acquiring an additional 47,712 shares during the last quarter. Oak Thistle LLC bought a new stake in Vail Resorts in the 4th quarter valued at $1,533,000. Nordea Investment Management AB grew its holdings in Vail Resorts by 2,451.9% in the 4th quarter. Nordea Investment Management AB now owns 417,293 shares of the company’s stock valued at $89,931,000 after buying an additional 400,941 shares in the last quarter. Galibier Capital Management Ltd. bought a new position in Vail Resorts during the 4th quarter worth $3,932,000. Finally, Heartland Advisors Inc. lifted its holdings in shares of Vail Resorts by 428.4% during the fourth quarter. Heartland Advisors Inc. now owns 75,525 shares of the company’s stock worth $16,122,000 after buying an additional 61,232 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MTN. Mizuho initiated coverage on shares of Vail Resorts in a research note on Tuesday, March 26th. They issued a “buy” rating and a $256.00 price target on the stock. Morgan Stanley decreased their target price on shares of Vail Resorts from $242.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $263.00 price target on shares of Vail Resorts in a research report on Friday, March 22nd. JPMorgan Chase & Co. cut their price target on Vail Resorts from $252.00 to $243.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $285.00 to $250.00 in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.11.

Insiders Place Their Bets

In other news, Director Peter A. Vaughn sold 1,000 shares of Vail Resorts stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total transaction of $222,770.00. Following the sale, the director now directly owns 7,592 shares of the company’s stock, valued at $1,691,269.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Vail Resorts Price Performance

Vail Resorts stock opened at $195.58 on Thursday. The stock has a fifty day moving average of $212.05 and a 200-day moving average of $218.71. The stock has a market capitalization of $7.43 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.85 and a current ratio of 0.96. Vail Resorts, Inc. has a 52 week low of $188.43 and a 52 week high of $258.13.

Vail Resorts (NYSE:MTN) last posted its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.15 billion. Vail Resorts had a return on equity of 19.16% and a net margin of 8.44%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $5.16 EPS. On average, sell-side analysts expect that Vail Resorts, Inc. will post 7.6 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $2.22 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 4.54%. This is a positive change from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is currently 148.25%.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.