Invesco Ltd. Acquires 11,418 Shares of VSE Co. (NASDAQ:VSEC)

Invesco Ltd. grew its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,481 shares of the construction company's stock after buying an additional 11,418 shares during the period. Invesco Ltd. owned approximately 0.57% of VSE worth $11,077,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of VSEC. Quantbot Technologies LP acquired a new position in shares of VSE during the 4th quarter valued at $47,000. Sanctuary Advisors LLC acquired a new position in shares of VSE during the third quarter valued at about $155,000. KFA Private Wealth Group LLC acquired a new position in shares of VSE during the fourth quarter valued at about $209,000. M&T Bank Corp bought a new position in shares of VSE during the 4th quarter worth about $239,000. Finally, US Bancorp DE grew its stake in shares of VSE by 16.8% in the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock valued at $287,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

VSEC has been the topic of a number of research reports. Truist Financial dropped their price target on VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. StockNews.com raised VSE to a "sell" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, VSE currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

VSE Stock Up 2.0 %

Shares of NASDAQ:VSEC opened at $105.24 on Wednesday. The business's 50 day moving average is $112.44 and its 200 day moving average is $107.27. VSE Co. has a 12-month low of $73.36 and a 12-month high of $128.72. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 126.80 and a beta of 1.32. 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 posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. On average, sell-side analysts forecast that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. VSE's dividend payout ratio is currently 48.19%.

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.

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