Sei Investments Co. Has $702,000 Stock Holdings in VSE Co. (NASDAQ:VSEC)

Sei Investments Co. cut its position in VSE Co. (NASDAQ:VSEC - Free Report) by 73.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,957 shares of the construction company's stock after selling 22,375 shares during the quarter. Sei Investments Co.'s holdings in VSE were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of VSEC. Russell Investments Group Ltd. grew its position in shares of VSE by 11.9% in the first quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company's stock valued at $7,220,000 after purchasing an additional 9,608 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in VSE in the 1st quarter valued at approximately $3,566,000. Jennison Associates LLC increased its position in VSE by 13.2% in the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company's stock worth $44,912,000 after buying an additional 65,495 shares during the period. Silvercrest Asset Management Group LLC acquired a new position in shares of VSE during the first quarter worth approximately $3,072,000. Finally, Capital Research Global Investors acquired a new stake in shares of VSE in the first quarter worth $81,623,000. Institutional investors own 91.54% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business's stock in a transaction on 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 $42,543,369.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 14.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on VSEC shares. Benchmark reiterated a "buy" rating and set a $100.00 target price on shares of VSE in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on VSE in a research note on Wednesday, August 14th. They set a "buy" rating and a $100.00 price target on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Stifel Nicolaus began coverage on VSE in a research report on Friday, June 28th. They set a "buy" rating and a $101.00 price objective on the stock. Finally, Truist Financial raised their target price on VSE from $92.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, VSE has a consensus rating of "Moderate Buy" and a consensus target price of $99.83.

VSE Price Performance

VSEC stock traded up $1.33 during trading on Wednesday, hitting $87.44. The company had a trading volume of 215,686 shares, compared to its average volume of 132,452. 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 company has a fifty day moving average price of $85.97 and a two-hundred day moving average price of $83.63. VSE Co. has a fifty-two week low of $52.01 and a fifty-two week 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 analysts' consensus estimates of $0.65 by ($0.01). VSE had a return on equity of 7.87% and a net margin of 1.21%. The business had revenue of $265.96 million for the quarter, compared to the consensus estimate of $256.60 million. On average, analysts expect that VSE Co. will post 3.02 EPS for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 6th.

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.