Squarepoint Ops LLC acquired a new stake in VSE Co. (NASDAQ:VSEC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,104 shares of the construction company's stock, valued at approximately $892,000. Squarepoint Ops LLC owned 0.05% of VSE at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of VSE in the 2nd quarter worth $42,000. Park Avenue Securities LLC bought a new stake in shares of VSE in the first quarter valued at $221,000. Caprock Group LLC purchased a new stake in shares of VSE during the 1st quarter valued at approximately $241,000. Archer Investment Corp bought a new position in VSE in the 2nd quarter worth about $247,000. Finally, Precision Wealth Strategies LLC bought a new position in VSE in the 1st quarter valued at $280,000. Institutional investors and hedge funds own 91.54% of the company's stock.
Wall Street Analyst Weigh In
VSEC has been the subject of several research reports. Stifel Nicolaus assumed coverage on shares of VSE in a research report on Friday, June 28th. They issued a "buy" rating and a $101.00 target price for the company. Jefferies Financial Group began coverage on VSE in a research report on Wednesday, August 14th. They set a "buy" rating and a $100.00 price objective on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $100.00 price objective on shares of VSE in a research note on Thursday, August 1st. Benchmark reissued a "buy" rating and set a $100.00 price target on shares of VSE in a research report on Friday, August 2nd. Finally, Truist Financial raised their price target on shares of VSE from $92.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, VSE currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.83.
Read Our Latest Report on VSEC
Insider Activity
In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company's stock in a transaction 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 $42,543,369.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 14.60% of the company's stock.
VSE Price Performance
Shares of VSEC stock traded down $1.36 on Monday, hitting $84.81. 98,793 shares of the stock traded hands, compared to its average volume of 132,106. VSE Co. has a 52 week low of $52.01 and a 52 week high of $94.10. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 25.46 and a beta of 1.60. The firm has a 50 day simple moving average of $85.99 and a two-hundred day simple moving average of $83.58.
VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The company had revenue of $265.96 million for the quarter, compared to analysts' expectations of $256.60 million. As a group, equities research analysts predict that VSE Co. will post 3.02 earnings per share for the current fiscal year.
VSE Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Wednesday, November 6th.
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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