Jennison Associates LLC Purchases 104,868 Shares of VSE Co. (NASDAQ:VSEC)

Jennison Associates LLC lifted its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 928,617 shares of the construction company's stock after buying an additional 104,868 shares during the period. Jennison Associates LLC owned about 4.55% of VSE worth $88,311,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Squarepoint Ops LLC bought a new stake in shares of VSE during the second quarter worth $892,000. The Manufacturers Life Insurance Company boosted its holdings in shares of VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company's stock valued at $463,000 after acquiring an additional 320 shares in the last quarter. Park Avenue Securities LLC grew its position in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after acquiring an additional 464 shares during the last quarter. US Bancorp DE increased its holdings in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after purchasing an additional 2,384 shares in the last quarter. Finally, Wisconsin Capital Management LLC raised its position in VSE by 14.9% in the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company's stock valued at $4,813,000 after purchasing an additional 7,522 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VSEC has been the topic of several research reports. Jefferies Financial Group boosted their price target on VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. B. Riley raised their price target on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. StockNews.com raised shares of VSE to a "sell" rating in a research note on Tuesday, January 28th. Finally, Truist Financial lowered their target price on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $117.83.

VSE Price Performance

Shares of VSEC traded down $0.29 during trading hours on Friday, hitting $105.68. 158,063 shares of the stock were exchanged, compared to its average volume of 213,003. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE Co. has a fifty-two week low of $65.29 and a fifty-two week high of $123.92. The business has a 50-day moving average of $103.16 and a 200-day moving average of $97.74.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the company posted $0.92 EPS. Equities analysts anticipate that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, January 23rd.

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.