Bank of New York Mellon Corp Increases Stock Holdings in VSE Co. (NASDAQ:VSEC)

Bank of New York Mellon Corp raised its position in VSE Co. (NASDAQ:VSEC - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 80,972 shares of the construction company's stock after purchasing an additional 2,429 shares during the period. Bank of New York Mellon Corp owned about 0.40% of VSE worth $7,700,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealthspire Advisors LLC increased its holdings in VSE by 106.7% during the 4th quarter. Wealthspire Advisors LLC now owns 13,490 shares of the construction company's stock valued at $1,283,000 after acquiring an additional 6,965 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of VSE by 178.3% in the fourth quarter. New York State Common Retirement Fund now owns 128,876 shares of the construction company's stock valued at $12,256,000 after purchasing an additional 82,576 shares during the last quarter. Truist Financial Corp purchased a new position in shares of VSE during the 4th quarter worth approximately $557,000. Rhumbline Advisers raised its position in shares of VSE by 12.5% during the 4th quarter. Rhumbline Advisers now owns 25,727 shares of the construction company's stock worth $2,447,000 after purchasing an additional 2,866 shares during the last quarter. Finally, Legato Capital Management LLC lifted its stake in VSE by 5.1% in the 4th quarter. Legato Capital Management LLC now owns 54,430 shares of the construction company's stock valued at $5,176,000 after buying an additional 2,645 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

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VSE Trading Up 3.4 %

Shares of VSEC traded up $3.91 during mid-day trading on Wednesday, hitting $119.46. The company had a trading volume of 128,700 shares, compared to its average volume of 186,938. VSE Co. has a 1-year low of $73.36 and a 1-year high of $123.97. The business's 50-day simple moving average is $105.17 and its 200-day simple moving average is $101.97. The stock has a market cap of $2.46 billion, a PE ratio of 144.01 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 (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to analysts' expectations of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. Sell-side analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared 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 is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.33%. VSE's payout ratio is 48.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VSEC shares. Royal Bank of Canada boosted their price target on VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Truist Financial upped their target price on shares of VSE from $129.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $118.67.

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.