Janney Montgomery Scott LLC Has $1.80 Million Stock Position in VSE Co. (NASDAQ:VSEC)

Janney Montgomery Scott LLC lowered its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 13.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,936 shares of the construction company's stock after selling 3,050 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of VSE worth $1,801,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in VSE by 121.6% in the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after purchasing an additional 178,435 shares during the period. Primecap Management Co. CA acquired a new position in shares of VSE in the 3rd quarter valued at $11,016,000. Wasatch Advisors LP bought a new position in shares of VSE during the 3rd quarter worth about $8,437,000. Lord Abbett & CO. LLC boosted its position in shares of VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company's stock valued at $18,544,000 after acquiring an additional 44,662 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in VSE by 12.5% in the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock valued at $31,669,000 after acquiring an additional 42,637 shares during the period. 91.54% of the stock is owned by institutional investors.

VSE Stock Up 0.8 %

Shares of VSE stock traded up $0.82 during trading on Thursday, reaching $105.97. The company's stock had a trading volume of 118,938 shares, compared to its average volume of 215,293. The stock has a 50-day moving average price of $103.16 and a two-hundred day moving average price of $97.74. 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 Co. has a one year low of $62.12 and a one year high of $123.92.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the prior year, the business earned $0.92 earnings per share. Analysts expect that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a $0.10 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VSEC shares. StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Tuesday, January 28th. B. Riley raised their target price on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Truist Financial cut their price objective on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their target price 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. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.83.

VSE 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.