Capital Research Global Investors Raises Stock Holdings in VSE Co. (NASDAQ:VSEC)

Capital Research Global Investors grew its position in VSE Co. (NASDAQ:VSEC - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,794,069 shares of the construction company's stock after acquiring an additional 258,674 shares during the period. Capital Research Global Investors owned 8.79% of VSE worth $170,616,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock worth $101,904,000 after buying an additional 182,465 shares during the period. Jennison Associates LLC lifted its stake 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 worth $88,311,000 after acquiring an additional 104,868 shares during the period. AltraVue Capital LLC boosted its holdings in VSE by 8.8% in the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock valued at $58,738,000 after acquiring an additional 50,000 shares during the last quarter. Geode Capital Management LLC increased its position in VSE by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock valued at $39,821,000 after purchasing an additional 35,919 shares during the period. Finally, Neuberger Berman Group LLC bought a new position in VSE during the 4th quarter worth approximately $35,834,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Stock Up 0.2 %

Shares of NASDAQ VSEC traded up $0.24 during trading on Friday, hitting $113.94. 165,584 shares of the company traded hands, compared to its average volume of 253,610. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The business's fifty day moving average is $112.98 and its 200 day moving average is $107.47. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 137.28 and a beta of 1.32. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $299.02 million during the quarter, compared to analysts' expectations of $289.97 million. Equities research analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal 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 given a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.35%. VSE's payout ratio is 48.19%.

Wall Street Analyst Weigh In

VSEC has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of VSE from $134.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. StockNews.com upgraded VSE to a "sell" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

VSE 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.