Charles Schwab Investment Management Inc. boosted its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,274 shares of the construction company's stock after acquiring an additional 24,964 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.92% of VSE worth $17,905,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in VSEC. Sanctuary Advisors LLC purchased a new stake in shares of VSE in the 3rd quarter worth $155,000. KFA Private Wealth Group LLC purchased a new stake in shares of VSE in the 4th quarter worth $209,000. BNP Paribas Financial Markets lifted its holdings in shares of VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after buying an additional 134 shares during the period. US Bancorp DE lifted its holdings in shares of VSE by 16.8% in the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after buying an additional 435 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of VSE in the 3rd quarter worth $394,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on VSEC. Royal Bank of Canada upped their target price 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 price objective on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Finally, StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and an average price target of $118.67.
View Our Latest Stock Analysis on VSEC
VSE Stock Down 0.2 %
Shares of NASDAQ VSEC traded down $0.25 during mid-day trading on Friday, reaching $120.36. 350,660 shares of the company were exchanged, compared to its average volume of 189,356. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 145.01 and a beta of 1.62. VSE Co. has a 1 year low of $73.36 and a 1 year high of $123.97. The firm has a 50-day moving average of $106.94 and a 200 day moving average of $102.53.
VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $289.97 million. On average, research analysts expect that VSE Co. will post 2.96 earnings per share for the current year.
VSE Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's dividend payout ratio is currently 48.19%.
VSE Company Profile
(
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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