Lord Abbett & CO. LLC Increases Holdings in VSE Co. (NASDAQ:VSEC)

Lord Abbett & CO. LLC raised its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 24.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 224,148 shares of the construction company's stock after purchasing an additional 44,662 shares during the period. Lord Abbett & CO. LLC owned 1.10% of VSE worth $18,544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VSEC. Innealta Capital LLC purchased a new stake in VSE during the 2nd quarter valued at $42,000. Sanctuary Advisors LLC purchased a new position in VSE during the 3rd quarter worth $155,000. US Bancorp DE raised its position in 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 purchasing an additional 2,384 shares in the last quarter. Archer Investment Corp purchased a new stake in shares of VSE in the 2nd quarter worth $247,000. Finally, BNP Paribas Financial Markets grew its position in shares of VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after buying an additional 134 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Up 0.6 %

Shares of VSEC traded up $0.65 during midday trading on Monday, hitting $108.86. 172,485 shares of the company's stock traded hands, compared to its average volume of 151,670. VSE Co. has a 1 year low of $57.10 and a 1 year high of $123.92. The firm's fifty day moving average is $108.82 and its 200-day moving average is $94.23. 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 $2.22 billion, a price-to-earnings ratio of 33.57 and a beta of 1.57.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same quarter last year, the company earned $0.92 earnings per share. As a group, sell-side analysts anticipate that VSE Co. will post 2.92 earnings per share for the current year.

Analysts Set New Price Targets

VSEC has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. StockNews.com raised shares of VSE to a "sell" rating in a research report on Monday, December 9th. B. Riley boosted their price objective on shares of VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their target price on VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, Truist Financial lifted their price target on VSE from $115.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, VSE presently has an average rating of "Moderate Buy" and an average target price of $118.50.

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.