Legato Capital Management LLC Has $5.18 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Legato Capital Management LLC lifted its stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,430 shares of the construction company's stock after buying an additional 2,645 shares during the quarter. VSE accounts for approximately 0.7% of Legato Capital Management LLC's holdings, making the stock its 14th largest holding. Legato Capital Management LLC owned about 0.27% of VSE worth $5,176,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VSEC. BNP Paribas Financial Markets boosted its position in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock valued at $274,000 after purchasing an additional 134 shares during the period. The Manufacturers Life Insurance Company boosted its position in VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company's stock valued at $463,000 after purchasing an additional 320 shares during the period. Millrace Asset Group Inc. boosted its position in VSE by 4.3% during the 3rd quarter. Millrace Asset Group Inc. now owns 23,364 shares of the construction company's stock valued at $1,933,000 after purchasing an additional 956 shares during the period. JPMorgan Chase & Co. boosted its position in VSE by 17.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock valued at $581,000 after purchasing an additional 1,058 shares during the period. Finally, Principal Financial Group Inc. boosted its position in VSE by 5.9% during the 3rd quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company's stock valued at $1,826,000 after purchasing an additional 1,236 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Trading Up 4.5 %

Shares of VSEC traded up $4.19 during midday trading on Friday, reaching $97.28. The stock had a trading volume of 283,983 shares, compared to its average volume of 189,577. VSE Co. has a 52 week low of $67.82 and a 52 week 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's 50 day moving average price is $101.38 and its 200-day moving average price is $98.17.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, January 23rd.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VSEC shares. StockNews.com upgraded VSE to a "sell" rating in a research report on Wednesday. B. Riley lifted their target price on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Truist Financial cut their target price on VSE from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $117.83.

About VSE

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.