VSE Co. (NASDAQ:VSEC) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,919 shares of the construction company's stock after selling 5,315 shares during the period. Fisher Asset Management LLC owned approximately 0.08% of VSE worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. US Bancorp DE grew its position in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after acquiring an additional 2,384 shares during the period. Wisconsin Capital Management LLC grew its position in VSE by 14.9% in the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company's stock worth $4,813,000 after acquiring an additional 7,522 shares during the period. Principal Financial Group Inc. grew its position in VSE by 5.9% in the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company's stock worth $1,826,000 after acquiring an additional 1,236 shares during the period. Victory Capital Management Inc. grew its position in VSE by 30.5% in the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company's stock worth $1,274,000 after acquiring an additional 3,601 shares during the period. Finally, Jennison Associates LLC grew its position in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company's stock worth $68,149,000 after acquiring an additional 29,811 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

VSE Stock Up 0.6 %

Shares of NASDAQ VSEC traded up $0.69 during mid-day trading on Friday, hitting $116.32. The company had a trading volume of 208,993 shares, compared to its average volume of 183,297. The company has a market capitalization of $2.40 billion, a PE ratio of 140.14 and a beta of 1.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE Co. has a 1-year low of $73.36 and a 1-year high of $123.92. The business's 50-day simple moving average is $102.18 and its 200 day simple moving average is $100.67.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data 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. The business 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%. On average, analysts predict that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's payout ratio is currently 48.19%.

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.