Wasatch Advisors LP Raises Stake in VSE Co. (NASDAQ:VSEC)

Wasatch Advisors LP grew its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,918 shares of the construction company's stock after buying an additional 3,941 shares during the quarter. Wasatch Advisors LP owned 0.52% of VSE worth $10,073,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of VSE by 20.5% in the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock valued at $101,904,000 after buying an additional 182,465 shares during the last quarter. Jennison Associates LLC lifted its holdings in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock worth $88,311,000 after acquiring an additional 104,868 shares in the last quarter. AltraVue Capital LLC boosted its holdings in shares of VSE by 8.8% in the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock valued at $58,738,000 after buying an additional 50,000 shares during the period. Geode Capital Management LLC lifted its stake in VSE by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock valued at $39,821,000 after acquiring an additional 35,919 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of VSE in the fourth quarter valued at about $35,834,000. Institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on VSEC shares. StockNews.com upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial cut their target price on VSE from $134.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $118.00.

VSE Stock Up 3.2 %

VSEC stock traded up $3.27 during trading on Tuesday, reaching $106.42. The stock had a trading volume of 44,702 shares, compared to its average volume of 208,140. The company's 50 day moving average is $112.20 and its two-hundred day moving average is $107.28. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 128.22 and a beta of 1.32. VSE Co. has a one year low of $73.36 and a one year high of $128.72. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million during 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%. Equities research analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's dividend payout ratio (DPR) is 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.