Loomis Sayles & Co. L P lifted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,236 shares of the construction company's stock after buying an additional 3,324 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.82% of VSE worth $15,904,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Artisan Partners Limited Partnership acquired a new position in shares of VSE in the fourth quarter worth $31,692,000. Allspring Global Investments Holdings LLC purchased a new stake in VSE in the fourth quarter valued at approximately $24,018,000. Vanguard Group Inc. boosted its holdings in shares of VSE by 20.5% in the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after acquiring an additional 182,465 shares during the period. Franklin Resources Inc. grew its position in shares of VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after acquiring an additional 178,435 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock valued at $88,311,000 after acquiring an additional 104,868 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
VSE Price Performance
Shares of NASDAQ VSEC traded up $3.31 during trading on Wednesday, reaching $125.14. The company had a trading volume of 58,844 shares, compared to its average volume of 242,242. 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 market capitalization of $2.59 billion, a PE ratio of 150.77 and a beta of 1.62. VSE Co. has a twelve month low of $73.36 and a twelve month high of $128.72. The stock has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $104.48.
VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The business had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. As a group, sell-side analysts predict that VSE Co. will post 2.96 earnings per share for the current year.
VSE Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, May 1st. VSE's dividend payout ratio is currently 48.19%.
Analyst Ratings Changes
Several brokerages have issued reports on VSEC. Royal Bank of Canada raised their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. StockNews.com raised VSE to a "sell" rating in a report on Thursday, March 6th. Finally, Truist Financial increased their price objective on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.67.
Check Out Our Latest Stock Report on VSEC
About VSE
(
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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