VSE Co. (NASDAQ:VSEC) is Kendall Capital Management's 7th Largest Position

Kendall Capital Management lessened its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,650 shares of the construction company's stock after selling 19,000 shares during the period. VSE makes up 2.0% of Kendall Capital Management's holdings, making the stock its 7th biggest position. Kendall Capital Management owned approximately 0.35% of VSE worth $6,719,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VSEC. Sanctuary Advisors LLC purchased a new position in VSE in the third quarter valued at $155,000. KFA Private Wealth Group LLC purchased a new position in VSE in the fourth quarter valued at $209,000. US Bancorp DE increased its holdings in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock valued at $214,000 after buying an additional 2,384 shares in the last quarter. M&T Bank Corp purchased a new position in VSE in the fourth quarter valued at $239,000. Finally, BNP Paribas Financial Markets increased its holdings in VSE by 4.2% in 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 in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of VSE from $129.00 to $134.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Royal Bank of Canada lifted their target price on shares of VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, VSE currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.67.

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VSE Stock Performance

VSEC opened at $116.32 on Friday. The firm has a market capitalization of $2.40 billion, a PE ratio of 140.14 and a beta of 1.62. VSE Co. has a twelve month low of $73.36 and a twelve month high of $123.92. The firm's 50-day moving average price is $102.18 and its 200 day moving average price is $100.67. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

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

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given 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 yield of 0.34%. VSE's payout ratio is presently 48.19%.

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.

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