Fmr LLC Sells 646,566 Shares of VSE Co. (NASDAQ:VSEC)

FMR LLC reduced its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 27.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,677,006 shares of the construction company's stock after selling 646,566 shares during the period. FMR LLC owned about 8.22% of VSE worth $159,483,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after acquiring an additional 182,465 shares during the period. Jennison Associates LLC raised its stake in VSE by 12.7% during the 4th 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 period. AltraVue Capital LLC lifted its holdings in VSE by 8.8% in the 4th quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock worth $58,738,000 after purchasing an additional 50,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in VSE by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock worth $39,821,000 after purchasing an additional 35,919 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in VSE by 7.6% in the 4th quarter. Franklin Resources Inc. now owns 349,957 shares of the construction company's stock worth $33,281,000 after purchasing an additional 24,836 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VSEC has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday. StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

VSE Price Performance

Shares of NASDAQ VSEC traded down $1.90 during mid-day trading on Friday, hitting $108.19. 821,038 shares of the company's stock traded hands, compared to its average volume of 207,845. The company has a market capitalization of $2.24 billion, a P/E ratio of 130.35 and a beta of 1.32. VSE Co. has a 1 year low of $73.36 and a 1 year high of $128.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The company's 50-day moving average is $112.12 and its two-hundred day moving average is $106.67.

VSE (NASDAQ:VSEC - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. On average, equities analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, May 1st. VSE's dividend payout ratio (DPR) is 48.19%.

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.