FIL Ltd lessened its position in VSE Co. (NASDAQ:VSEC - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 260,402 shares of the construction company's stock after selling 302,766 shares during the period. FIL Ltd owned approximately 1.28% of VSE worth $24,764,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in shares of VSE by 24.9% in 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. Geode Capital Management LLC lifted its holdings in shares of VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock valued at $31,669,000 after buying an additional 42,637 shares during the period. Barclays PLC raised its position in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after acquiring an additional 35,744 shares in the last quarter. State Street Corp lifted its stake in VSE by 5.2% during the third quarter. State Street Corp now owns 323,830 shares of the construction company's stock valued at $26,790,000 after purchasing an additional 15,931 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in VSE in the fourth quarter worth approximately $493,000. 91.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on VSEC shares. StockNews.com raised VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial increased their target price on VSE from $129.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.67.
View Our Latest Stock Report on VSEC
VSE Stock Down 3.3 %
Shares of VSE stock traded down $3.76 during trading on Wednesday, hitting $108.63. 124,103 shares of the stock traded hands, compared to its average volume of 202,884. The company has a fifty day moving average price of $112.00 and a two-hundred day moving average price of $106.47. VSE Co. has a twelve month low of $73.36 and a twelve month high of $128.72. The stock has a market cap of $2.25 billion, a P/E ratio of 130.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.
VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Equities research analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.
VSE Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. VSE's payout ratio is presently 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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