AltraVue Capital LLC increased its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 617,648 shares of the construction company's stock after buying an additional 50,000 shares during the period. VSE comprises approximately 4.9% of AltraVue Capital LLC's investment portfolio, making the stock its 7th largest holding. AltraVue Capital LLC owned approximately 3.03% of VSE worth $58,738,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of VSE during the fourth quarter valued at approximately $47,000. Sanctuary Advisors LLC acquired a new position in VSE in the 3rd quarter valued at $155,000. KFA Private Wealth Group LLC acquired a new position in VSE in the 4th quarter valued at $209,000. M&T Bank Corp purchased a new position in VSE in the 4th quarter valued at $239,000. Finally, US Bancorp DE boosted its stake in VSE by 16.8% during the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.
VSE Trading Down 9.3 %
NASDAQ:VSEC traded down $10.83 on Friday, hitting $105.93. The stock had a trading volume of 377,985 shares, compared to its average volume of 199,042. The company has a fifty day moving average price of $110.53 and a two-hundred day moving average price of $104.95. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 127.63 and a beta of 1.62. 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 Co. has a 1-year low of $73.36 and a 1-year high of $128.72.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. Equities research analysts expect that VSE Co. will post 2.96 earnings per share for the current fiscal year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.38%. VSE's dividend payout ratio (DPR) is currently 48.19%.
Analysts Set New Price Targets
VSEC has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. Finally, Truist Financial boosted their target price on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.67.
Check Out Our Latest Report on VSE
About VSE
(
Free Report)
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.
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