VSE Co. (NASDAQ:VSEC) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,345 shares of the construction company's stock after selling 11,595 shares during the period. Lisanti Capital Growth LLC owned 0.21% of VSE worth $3,255,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of VSE during the second quarter valued at approximately $42,000. US Bancorp DE lifted its position in shares of VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after buying an additional 2,384 shares in the last quarter. Archer Investment Corp purchased a new position in VSE in the 2nd quarter valued at $247,000. Park Avenue Securities LLC grew its holdings in VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock valued at $316,000 after buying an additional 464 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in VSE by 22.9% during the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company's stock worth $399,000 after buying an additional 842 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VSEC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com raised VSE to a "sell" rating in a research note on Thursday. Jefferies Financial Group increased their target price on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. B. Riley boosted their price objective on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday. 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 research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.83.

Insider Buying and Selling

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares of the company's stock, valued at $42,543,369.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 14.60% of the stock is owned by company insiders.

VSE Stock Performance

NASDAQ VSEC traded up $2.99 during trading hours on Monday, reaching $120.79. 153,793 shares of the company were exchanged, compared to its average volume of 146,797. The stock has a market capitalization of $2.47 billion, a P/E ratio of 36.25 and a beta of 1.56. VSE Co. has a 1 year low of $57.10 and a 1 year high of $120.97. The company has a quick ratio of 1.17, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The business's 50 day simple moving average is $93.09 and its 200-day simple moving average is $87.49.

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

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.