Jennison Associates LLC raised its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 3.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 823,749 shares of the construction company's stock after purchasing an additional 29,811 shares during the period. Jennison Associates LLC owned approximately 4.47% of VSE worth $68,149,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of VSE by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company's stock worth $57,974,000 after acquiring an additional 12,407 shares during the last quarter. Capital Research Global Investors bought a new stake in VSE in the first quarter worth $81,623,000. Brant Point Investment Management LLC boosted its position in VSE by 46.9% during the first quarter. Brant Point Investment Management LLC now owns 88,130 shares of the construction company's stock valued at $7,050,000 after buying an additional 28,130 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of VSE by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company's stock valued at $500,000 after buying an additional 465 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of VSE during the first quarter valued at about $3,072,000. Institutional investors own 91.54% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on VSE from $115.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, November 7th. B. Riley increased their price objective on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of VSE from $120.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price target on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Finally, Benchmark restated a "buy" rating and issued a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, VSE has an average rating of "Moderate Buy" and a consensus target price of $116.83.
Check Out Our Latest Stock Report on VSE
Insider Buying and Selling at VSE
In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 14.60% of the stock is owned by company insiders.
VSE Price Performance
VSEC opened at $112.50 on Thursday. VSE Co. has a 12-month low of $57.10 and a 12-month high of $123.92. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 35.50 and a beta of 1.56. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $98.15 and a two-hundred day simple moving average of $89.61.
VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Research analysts predict that VSE Co. will post 2.9 earnings per share for the current fiscal year.
VSE Company Profile
(
Free Report)
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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