VSE Co. (NASDAQ:VSEC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,638 shares of the construction company's stock after acquiring an additional 35,919 shares during the quarter. Geode Capital Management LLC owned 2.05% of VSE worth $39,821,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Diametric Capital LP lifted its position in shares of VSE by 14.7% during the fourth quarter. Diametric Capital LP now owns 4,892 shares of the construction company's stock worth $465,000 after purchasing an additional 627 shares in the last quarter. AltraVue Capital LLC increased its stake in VSE by 8.8% during the 4th quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock worth $58,738,000 after buying an additional 50,000 shares during the period. Franklin Resources Inc. lifted its holdings in VSE by 7.6% during the 4th quarter. Franklin Resources Inc. now owns 349,957 shares of the construction company's stock worth $33,281,000 after buying an additional 24,836 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in VSE by 2.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 167,236 shares of the construction company's stock valued at $15,904,000 after buying an additional 3,324 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of VSE by 904.9% in the fourth quarter. JPMorgan Chase & Co. now owns 70,557 shares of the construction company's stock worth $6,710,000 after acquiring an additional 63,536 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Stock Down 1.7 %

NASDAQ VSEC traded down $1.90 during trading on Friday, reaching $108.19. 821,038 shares of the company's stock were exchanged, compared to its average volume of 208,974. The company has a 50 day moving average price of $112.15 and a two-hundred day moving average price of $107.16. The stock has a market cap 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 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 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The firm had revenue of $299.02 million during 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, equities research analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's payout ratio is 48.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial decreased their price objective on VSE from $134.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.00.

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.