VSE (NASDAQ:VSEC) Shares Down 4.6% - Here's Why

VSE Co. (NASDAQ:VSEC - Get Free Report) was down 4.6% on Thursday . The company traded as low as $96.63 and last traded at $96.23. Approximately 39,349 shares were traded during trading, a decline of 80% from the average daily volume of 201,266 shares. The stock had previously closed at $100.90.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VSEC. StockNews.com upgraded VSE to a "sell" rating in a report on Wednesday, February 12th. Truist Financial decreased their target price on VSE from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. B. Riley boosted their price target on VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $117.83.

VSE Trading Up 4.5 %

The business has a 50-day moving average price of $101.38 and a two-hundred day moving average price of $98.31. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders 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 of this dividend was Thursday, January 23rd.

Institutional Investors Weigh In On VSE

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in shares of VSE by 4.2% in the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after purchasing an additional 134 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in VSE by 14.5% during the 4th quarter. Ameritas Investment Partners Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after acquiring an additional 233 shares in the last quarter. Corebridge Financial Inc. boosted its holdings in VSE by 3.0% during the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock worth $832,000 after acquiring an additional 258 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after purchasing an additional 258 shares in the last quarter. Finally, Bragg Financial Advisors Inc boosted its stake in shares of VSE by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 60,648 shares of the construction company's stock worth $5,768,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

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.