Polar Asset Management Partners Inc. Decreases Stock Holdings in VSE Co. (NASDAQ:VSEC)

Polar Asset Management Partners Inc. lowered its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,619 shares of the construction company's stock after selling 4,981 shares during the period. Polar Asset Management Partners Inc. owned 0.12% of VSE worth $1,954,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in VSE by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company's stock worth $500,000 after buying an additional 465 shares during the period. Hennessy Advisors Inc. bought a new position in VSE in the 2nd quarter worth about $9,388,000. Calamos Advisors LLC grew its position in VSE by 86.6% during the 2nd quarter. Calamos Advisors LLC now owns 31,431 shares of the construction company's stock valued at $2,775,000 after purchasing an additional 14,586 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in VSE by 10.7% in the second quarter. Bank of New York Mellon Corp now owns 84,987 shares of the construction company's stock worth $7,503,000 after buying an additional 8,190 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of VSE during the second quarter valued at approximately $10,326,000. 91.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on VSE from $125.00 to $135.00 and gave the company an "outperform" rating in a report on Friday. B. Riley raised their target price on VSE from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Truist Financial upped their price target on shares of VSE from $115.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Jefferies Financial Group raised their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Finally, StockNews.com raised shares of VSE to a "sell" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, VSE currently has a consensus rating of "Moderate Buy" and an average target price of $118.50.

VSE Price Performance

VSEC stock traded up $4.13 during trading on Friday, reaching $118.63. The company's stock had a trading volume of 318,037 shares, compared to its average volume of 149,864. The company has a market capitalization of $2.42 billion, a P/E ratio of 35.97 and a beta of 1.57. 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 company's fifty day moving average is $104.75 and its 200-day moving average is $92.32. VSE Co. has a 1 year low of $57.10 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same period last year, the firm posted $0.92 EPS. On average, research analysts expect that VSE Co. will post 2.9 earnings per share for the current fiscal year.

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.