Oppenheimer Asset Management Inc. Takes Position in VSE Co. (NASDAQ:VSEC)

Oppenheimer Asset Management Inc. purchased a new stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,689 shares of the construction company's stock, valued at approximately $446,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its stake in VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock valued at $88,311,000 after purchasing an additional 104,868 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock worth $31,669,000 after purchasing an additional 42,637 shares during the period. Franklin Resources Inc. lifted its holdings in shares of VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company's stock worth $29,801,000 after purchasing an additional 178,435 shares during the period. State Street Corp lifted its holdings in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company's stock valued at $26,790,000 after acquiring an additional 15,931 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in VSE in the fourth quarter valued at approximately $24,018,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Trading Up 0.6 %

VSEC traded up $0.69 during mid-day trading on Friday, hitting $116.32. 208,993 shares of the stock were exchanged, compared to its average volume of 183,297. The firm's fifty day moving average is $102.18 and its two-hundred day moving average is $100.67. VSE Co. has a 1-year low of $73.36 and a 1-year high of $123.92. 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 company has a market cap of $2.40 billion, a PE ratio of 140.14 and a beta of 1.62.

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VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. Equities analysts forecast that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Thursday, May 1st. VSE's dividend payout ratio is currently 48.19%.

Analysts Set New Price Targets

VSEC has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Truist Financial upped their target price on VSE from $129.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, StockNews.com raised VSE to a "sell" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, VSE currently has an average 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.