M&T Bank Corp Makes New $239,000 Investment in VSE Co. (NASDAQ:VSEC)

M&T Bank Corp bought a new stake in VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,514 shares of the construction company's stock, valued at approximately $239,000.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of VSE during the third quarter worth about $155,000. KFA Private Wealth Group LLC bought a new position in VSE in the 4th quarter valued at about $209,000. BNP Paribas Financial Markets increased its stake in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after buying an additional 134 shares during the period. US Bancorp DE lifted its stake in shares of VSE by 16.8% in the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after acquiring an additional 435 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of VSE in the third quarter valued at approximately $394,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Up 4.3 %

VSE stock traded up $5.00 during trading hours on Wednesday, hitting $120.55. The company had a trading volume of 169,802 shares, compared to its average volume of 187,288. The firm's fifty day moving average is $105.17 and its 200-day moving average is $101.97. The firm has a market capitalization of $2.48 billion, a P/E ratio of 145.25 and a beta of 1.62. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $123.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

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VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping 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 business had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. On average, research analysts forecast that VSE Co. will post 2.96 earnings per share for the current 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 $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. VSE's payout ratio is 48.19%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. 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 note on Friday, December 6th. Finally, StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $118.67.

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.