Royce & Associates LP trimmed its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 339,833 shares of the construction company's stock after selling 33,060 shares during the quarter. Royce & Associates LP owned about 1.84% of VSE worth $28,114,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in VSE by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 6,431 shares of the construction company's stock valued at $514,000 after purchasing an additional 2,874 shares in the last quarter. Russell Investments Group Ltd. raised its stake in VSE by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company's stock worth $7,220,000 after acquiring an additional 9,608 shares during the last quarter. Vanguard Group Inc. lifted its position in VSE by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company's stock worth $57,974,000 after acquiring an additional 12,407 shares during the period. Capital Research Global Investors purchased a new stake in VSE during the 1st quarter valued at about $81,623,000. Finally, Brant Point Investment Management LLC increased its holdings in shares of VSE by 46.9% in the first quarter. Brant Point Investment Management LLC now owns 88,130 shares of the construction company's stock valued at $7,050,000 after purchasing an additional 28,130 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.
VSE Trading Down 1.8 %
NASDAQ VSEC traded down $2.10 during trading on Friday, hitting $115.34. The stock had a trading volume of 136,596 shares, compared to its average volume of 214,051. The company has a market capitalization of $2.35 billion, a PE ratio of 26.15 and a beta of 1.56. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average price of $96.26 and a 200 day moving average price of $88.89.
VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $273.61 million during the quarter, compared to analysts' expectations of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter in the previous year, the business posted $0.92 EPS. As a group, equities research analysts forecast that VSE Co. will post 2.9 earnings per share for the current year.
Insider Transactions at VSE
In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 14.60% of the company's stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. StockNews.com upgraded VSE to a "sell" rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Benchmark reissued a "buy" rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. B. Riley increased their price objective on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, Truist Financial boosted their target price on shares of VSE from $115.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, VSE presently has a consensus rating of "Moderate Buy" and an average target price of $116.83.
Check Out Our Latest Analysis on VSEC
VSE Company Profile
(
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.
Further Reading
Before you consider VSE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VSE wasn't on the list.
While VSE currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
