JPMorgan Chase & Co. Purchases 63,536 Shares of VSE Co. (NASDAQ:VSEC)

JPMorgan Chase & Co. boosted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 904.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,557 shares of the construction company's stock after purchasing an additional 63,536 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of VSE worth $6,710,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VSEC. Artisan Partners Limited Partnership acquired a new stake in VSE during the 4th quarter valued at $31,692,000. Segall Bryant & Hamill LLC acquired a new stake in VSE during the 4th quarter valued at $8,439,000. Corebridge Financial Inc. raised its stake in VSE by 3.0% during the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after purchasing an additional 258 shares during the period. Vanguard Group Inc. raised its stake in VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after purchasing an additional 182,465 shares during the period. Finally, LPL Financial LLC raised its stake in VSE by 13.8% during the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after purchasing an additional 391 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Performance

VSEC stock traded up $5.20 during mid-day trading on Wednesday, reaching $110.44. 13,125 shares of the stock traded hands, compared to its average volume of 208,799. 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 Co. has a 52 week low of $73.36 and a 52 week high of $128.72. The business has a 50-day moving average of $112.44 and a two-hundred day moving average of $107.27. The firm has a market capitalization of $2.28 billion, a PE ratio of 133.06 and a beta of 1.32.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $299.02 million during the quarter, compared to analysts' expectations of $289.97 million. As a group, equities analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.36%. VSE's dividend payout ratio is 48.19%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial cut their target price on shares of 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 shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.00.

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.