Wasatch Advisors LP Acquires Shares of 101,977 VSE Co. (NASDAQ:VSEC)

Wasatch Advisors LP purchased a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 101,977 shares of the construction company's stock, valued at approximately $8,437,000. Wasatch Advisors LP owned about 0.50% of VSE as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VSEC. Innealta Capital LLC acquired a new position in VSE during the 2nd quarter valued at $42,000. US Bancorp DE increased its holdings in shares of VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company's stock worth $214,000 after purchasing an additional 2,384 shares during the period. Archer Investment Corp acquired a new position in shares of VSE during the second quarter valued at about $247,000. BNP Paribas Financial Markets lifted 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 valued at $274,000 after buying an additional 134 shares during the period. Finally, Park Avenue Securities LLC grew its position in VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company's stock worth $316,000 after buying an additional 464 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Price Performance

Shares of VSEC traded up $2.27 during trading hours on Friday, hitting $117.26. The stock had a trading volume of 74,714 shares, compared to its average volume of 181,677. VSE Co. has a 52 week low of $57.10 and a 52 week high of $123.92. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 36.08 and a beta of 1.56. The company's fifty day moving average is $102.09 and its two-hundred day moving average is $91.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to analysts' expectations of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the prior year, the firm earned $0.92 earnings per share. On average, analysts anticipate that VSE Co. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on VSEC. Truist Financial upped their price target on VSE from $115.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on VSE from $120.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of VSE from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday, November 7th. Finally, B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $116.83.

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.