Fmr LLC Sells 6,027 Shares of VSE Co. (NASDAQ:VSEC)

FMR LLC lowered its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,323,572 shares of the construction company's stock after selling 6,027 shares during the quarter. FMR LLC owned about 11.38% of VSE worth $192,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. AltraVue Capital LLC acquired a new position in VSE during the 2nd quarter valued at about $48,343,000. Primecap Management Co. CA purchased a new position in shares of VSE during the third quarter worth $11,016,000. Allspring Global Investments Holdings LLC purchased a new position in VSE in the second quarter valued at $10,326,000. Hennessy Advisors Inc. acquired a new stake in VSE in the second quarter valued at $9,388,000. Finally, Ghisallo Capital Management LLC acquired a new stake in VSE in the second quarter valued at $4,414,000. Institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

VSEC has been the topic of a number of research reports. B. Riley upped their price target on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, November 7th. Truist Financial lifted their price target on VSE from $115.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on shares of VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $116.83.

VSE Trading Down 0.1 %

Shares of NASDAQ VSEC traded down $0.08 during midday trading on Tuesday, reaching $116.73. The stock had a trading volume of 106,777 shares, compared to its average volume of 148,543. The company's 50 day moving average price is $102.76 and its 200 day moving average price is $91.72. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same quarter last year, the business earned $0.92 earnings per share. Analysts forecast that VSE Co. will post 2.9 earnings per share for the current year.

VSE Company 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.