Royce & Associates LP trimmed its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241,013 shares of the construction company's stock after selling 98,820 shares during the period. Royce & Associates LP owned approximately 1.18% of VSE worth $22,920,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC increased its stake in VSE by 24.9% in the third quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company's stock valued at $18,544,000 after acquiring an additional 44,662 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of VSE by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company's stock valued at $31,669,000 after purchasing an additional 42,637 shares in the last quarter. Barclays PLC raised its holdings in shares of VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after buying an additional 35,744 shares in the last quarter. State Street Corp lifted its position in shares of VSE by 5.2% during the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company's stock worth $26,790,000 after buying an additional 15,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of VSE by 14.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company's stock worth $13,511,000 after buying an additional 20,114 shares during the last quarter. 91.54% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on VSEC shares. StockNews.com raised VSE to a "sell" rating in a research note on Thursday, March 6th. Truist Financial increased their price objective on shares of VSE from $129.00 to $134.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada boosted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $118.67.
Check Out Our Latest Analysis on VSEC
VSE Trading Down 0.1 %
Shares of VSEC stock traded down $0.15 during trading hours on Thursday, hitting $120.61. 218,099 shares of the company's stock traded hands, compared to its average volume of 187,949. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE Co. has a 12 month low of $73.36 and a 12 month high of $123.97. The stock has a market cap of $2.48 billion, a PE ratio of 145.31 and a beta of 1.62. The stock's 50 day simple moving average is $105.78 and its 200 day simple moving average is $102.11.
VSE (NASDAQ:VSEC - Get Free Report) last announced 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 business had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. On average, sell-side analysts anticipate that VSE Co. will post 2.96 EPS for the current year.
VSE Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's payout ratio is presently 48.19%.
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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