Allspring Global Investments Holdings LLC acquired a new stake in VSE Co. (NASDAQ:VSEC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 116,968 shares of the construction company's stock, valued at approximately $10,326,000. Allspring Global Investments Holdings LLC owned 0.73% of VSE as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of VSEC. Simplex Trading LLC acquired a new position in shares of VSE during the fourth quarter worth about $199,000. Russell Investments Group Ltd. increased its position in VSE by 11.7% during the 4th quarter. Russell Investments Group Ltd. now owns 80,644 shares of the construction company's stock worth $5,210,000 after purchasing an additional 8,471 shares during the period. Fisher Asset Management LLC raised its stake in shares of VSE by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company's stock worth $1,621,000 after buying an additional 710 shares in the last quarter. AJOVista LLC purchased a new position in shares of VSE during the 4th quarter worth approximately $75,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of VSE by 6.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 106,229 shares of the construction company's stock valued at $6,863,000 after buying an additional 6,447 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.
VSE Price Performance
NASDAQ:VSEC traded up $0.93 during mid-day trading on Friday, hitting $93.03. 89,885 shares of the company's stock traded hands, compared to its average volume of 132,173. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The company has a market cap of $1.71 billion, a PE ratio of 28.17 and a beta of 1.59. The firm's 50 day simple moving average is $87.85 and its 200 day simple moving average is $81.34. VSE Co. has a 1 year low of $48.47 and a 1 year high of $94.10.
VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The construction company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The business had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. Sell-side analysts expect that VSE Co. will post 3.06 EPS for the current year.
VSE Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%.
Analyst Upgrades and Downgrades
VSEC has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price objective on shares of VSE in a report on Thursday, August 1st. Stifel Nicolaus started coverage on shares of VSE in a report on Friday, June 28th. They issued a "buy" rating and a $101.00 price target for the company. B. Riley raised their price objective on shares of VSE from $91.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, May 10th. Truist Financial upped their target price on shares of VSE from $92.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group started coverage on shares of VSE in a research report on Wednesday, August 14th. They set a "buy" rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $99.83.
Check Out Our Latest Stock Analysis on VSE
Insider Transactions at VSE
In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE 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 completion of the sale, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 14.60% of the company's stock.
VSE Profile
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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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