Primecap Management Co. CA Acquires New Holdings in VSE Co. (NASDAQ:VSEC)

Primecap Management Co. CA bought a new stake in VSE Co. (NASDAQ:VSEC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 133,152 shares of the construction company's stock, valued at approximately $11,016,000. Primecap Management Co. CA owned 0.72% of VSE as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of VSE during the 2nd quarter valued at $42,000. US Bancorp DE lifted its holdings in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after acquiring an additional 2,384 shares in the last quarter. Archer Investment Corp acquired a new position in VSE in the second quarter valued at about $247,000. Park Avenue Securities LLC increased its holdings in shares of VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after acquiring an additional 464 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of VSE during the third quarter worth about $394,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group lifted their price target on VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, November 7th. Benchmark restated a "buy" rating and set a $100.00 target price on shares of VSE in a report on Friday, August 2nd. B. Riley upped their price target on shares of VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lifted their price objective on shares of VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $116.83.

VSE Trading Up 2.4 %

NASDAQ VSEC traded up $2.72 during mid-day trading on Friday, reaching $116.98. 218,933 shares of the stock were exchanged, compared to its average volume of 191,567. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The stock has a market cap of $2.39 billion, a P/E ratio of 35.16 and a beta of 1.56. The stock has a 50 day simple moving average of $99.30 and a 200-day simple moving average of $90.01. VSE Co. has a one year low of $57.10 and a one year high of $123.92.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the firm earned $0.92 earnings per share. On average, analysts anticipate that VSE Co. will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total value of $836,070.00. Following the completion of the transaction, the insider now owns 492,284 shares of the company's stock, valued at approximately $44,256,331.60. This represents a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.60% of the stock is owned by corporate insiders.

VSE 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.