Vanguard Group Inc. Acquires 182,465 Shares of VSE Co. (NASDAQ:VSEC)

Vanguard Group Inc. lifted its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,071,545 shares of the construction company's stock after purchasing an additional 182,465 shares during the quarter. Vanguard Group Inc. owned 5.25% of VSE worth $101,904,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VSEC. Quantbot Technologies LP purchased a new stake in shares of VSE in the fourth quarter worth about $47,000. Sanctuary Advisors LLC purchased a new position in shares of VSE during the 3rd quarter valued at $155,000. KFA Private Wealth Group LLC bought a new position in shares of VSE in the fourth quarter worth $209,000. M&T Bank Corp purchased a new stake in shares of VSE in the fourth quarter worth $239,000. Finally, BNP Paribas Financial Markets boosted its stake in VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VSEC shares. Truist Financial raised their price target on VSE from $129.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $118.67.

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VSE Trading Up 0.3 %

VSE stock traded up $0.36 during mid-day trading on Tuesday, hitting $112.25. The company's stock had a trading volume of 25,956 shares, compared to its average volume of 201,955. The business has a 50 day moving average price of $111.88 and a 200-day moving average price of $106.43. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE Co. has a 12 month low of $73.36 and a 12 month high of $128.72. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 134.63 and a beta of 1.32.

VSE (NASDAQ:VSEC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating 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 company had revenue of $299.02 million during the quarter, compared to analysts' expectations of $289.97 million. As a group, analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. VSE's dividend payout ratio is currently 48.19%.

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.