Allspring Global Investments Holdings LLC Takes Position in VSE Co. (NASDAQ:VSEC)

Allspring Global Investments Holdings LLC purchased a new stake in VSE Co. (NASDAQ:VSEC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 258,503 shares of the construction company's stock, valued at approximately $24,018,000. Allspring Global Investments Holdings LLC owned approximately 1.27% of VSE as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in VSE by 121.6% in the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after purchasing an additional 178,435 shares during the period. Primecap Management Co. CA bought a new position in shares of VSE in the third quarter valued at approximately $11,016,000. Jennison Associates LLC boosted its position in shares of VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock valued at $88,311,000 after acquiring an additional 104,868 shares during the period. Wasatch Advisors LP purchased a new position in VSE during the third quarter valued at approximately $8,437,000. Finally, Lord Abbett & CO. LLC increased its holdings in VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company's stock worth $18,544,000 after acquiring an additional 44,662 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on VSEC shares. Royal Bank of Canada raised their price target on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Truist Financial dropped their price objective on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. B. Riley upped their target price on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, StockNews.com raised VSE to a "sell" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average price target of $117.83.

VSE Stock Up 2.1 %

NASDAQ:VSEC traded up $2.08 during midday trading on Wednesday, hitting $101.38. The company had a trading volume of 224,540 shares, compared to its average volume of 220,258. The stock's fifty day moving average price is $101.05 and its 200-day moving average price is $98.40. VSE Co. has a 52-week low of $67.82 and a 52-week high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.39%.

VSE Company Profile

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.