Intech Investment Management LLC Purchases Shares of 4,761 VSE Co. (NASDAQ:VSEC)

Intech Investment Management LLC purchased a new position in VSE Co. (NASDAQ:VSEC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,761 shares of the construction company's stock, valued at approximately $394,000.

A number of other institutional investors have also recently bought and sold shares of VSEC. Vanguard Group Inc. grew its stake in VSE by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company's stock valued at $57,974,000 after acquiring an additional 12,407 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in VSE by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company's stock valued at $500,000 after acquiring an additional 465 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of VSE in the 2nd quarter valued at approximately $9,388,000. Calamos Advisors LLC grew its stake in shares of VSE by 86.6% in the 2nd quarter. Calamos Advisors LLC now owns 31,431 shares of the construction company's stock valued at $2,775,000 after buying an additional 14,586 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of VSE by 10.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 84,987 shares of the construction company's stock valued at $7,503,000 after buying an additional 8,190 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Stock Performance

Shares of VSEC stock traded up $1.97 during trading hours on Wednesday, reaching $116.90. 179,732 shares of the company's stock were exchanged, compared to its average volume of 149,032. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The stock has a market capitalization of $2.39 billion, a P/E ratio of 35.94 and a beta of 1.57. The business has a fifty day moving average price of $103.43 and a 200-day moving average price of $91.99. 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 (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The company had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period in the previous year, the company earned $0.92 earnings per share. Analysts predict that VSE Co. will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.