Loomis Sayles & Co. L P reduced its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,912 shares of the construction company's stock after selling 6,467 shares during the period. Loomis Sayles & Co. L P owned 0.80% of VSE worth $13,560,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of VSE during the second quarter worth about $42,000. US Bancorp DE increased its position in shares of VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after acquiring an additional 2,384 shares in the last quarter. Archer Investment Corp bought a new stake in shares of VSE during the second quarter worth about $247,000. Park Avenue Securities LLC increased its position in shares of VSE by 13.8% during the third 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 in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of VSE during the third quarter worth about $394,000. 91.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
VSEC has been the subject of several recent research reports. Royal Bank of Canada boosted their target price on shares of VSE from $120.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, November 7th. Jefferies Financial Group boosted their target price on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. B. Riley boosted their price target on shares of VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Finally, Benchmark restated a "buy" rating and set a $100.00 price target on shares of VSE in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, VSE currently has a consensus rating of "Moderate Buy" and an average price target of $116.83.
Get Our Latest Research Report on VSE
Insider Activity at VSE
In related 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 transaction of $1,404,999.00. Following the sale, the insider now owns 463,284 shares of the company's stock, valued at approximately $42,543,369.72. This represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.
VSE Stock Performance
VSEC traded down $1.27 during midday trading on Wednesday, reaching $114.99. The company had a trading volume of 86,574 shares, compared to its average volume of 148,549. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The stock has a market cap of $2.35 billion, a PE ratio of 35.72 and a beta of 1.56. VSE Co. has a 12-month low of $57.10 and a 12-month high of $123.92. The business has a 50-day moving average price of $100.45 and a two-hundred day moving average price of $90.58.
VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 1.36% and a return on equity of 7.26%. During the same period in the prior year, the company posted $0.92 EPS. On average, sell-side analysts expect that VSE Co. will post 2.9 earnings per share for the current fiscal year.
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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