First Eagle Investment Management LLC Sells 17,500 Shares of VSE Co. (NASDAQ:VSEC)

First Eagle Investment Management LLC cut its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,422 shares of the construction company's stock after selling 17,500 shares during the quarter. First Eagle Investment Management LLC owned 0.50% of VSE worth $9,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC lifted its position in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock valued at $88,311,000 after purchasing an additional 104,868 shares during the last quarter. Geode Capital Management LLC lifted its position in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock valued at $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Franklin Resources Inc. lifted its position in VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock valued at $29,801,000 after purchasing an additional 178,435 shares during the last quarter. State Street Corp lifted its position 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, Allspring Global Investments Holdings LLC bought a new stake in VSE during the fourth quarter valued at approximately $24,018,000. 91.54% of the stock is currently owned by institutional investors.

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VSE Trading Up 4.5 %

NASDAQ:VSEC traded up $5.21 during midday trading on Wednesday, reaching $120.76. 224,032 shares of the stock traded hands, compared to its average volume of 187,288. The company has a fifty day moving average of $105.17 and a 200 day moving average of $101.97. VSE Co. has a 12 month low of $73.36 and a 12 month high of $123.97. 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 stock has a market capitalization of $2.49 billion, a P/E ratio of 145.49 and a beta of 1.62.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. On average, research analysts predict that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The company 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 dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. VSE's dividend payout ratio is currently 48.19%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Royal Bank of Canada boosted their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. One investment 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 currently has an average rating of "Moderate Buy" and an average price target of $118.67.

About VSE

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.