Advent International L.P. Purchases Shares of 80,000 VSE Co. (NASDAQ:VSEC)

Advent International L.P. purchased a new stake in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 80,000 shares of the construction company's stock, valued at approximately $7,608,000. VSE accounts for approximately 0.2% of Advent International L.P.'s portfolio, making the stock its 19th largest holding. Advent International L.P. owned approximately 0.39% of VSE at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VSEC. Jane Street Group LLC raised its position in VSE by 19.8% in the fourth quarter. Jane Street Group LLC now owns 24,731 shares of the construction company's stock worth $2,352,000 after purchasing an additional 4,087 shares in the last quarter. Northern Trust Corp raised its holdings in shares of VSE by 40.7% in the 4th quarter. Northern Trust Corp now owns 203,322 shares of the construction company's stock worth $19,336,000 after buying an additional 58,765 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of VSE by 15.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,738 shares of the construction company's stock worth $831,000 after buying an additional 1,181 shares during the period. Aquatic Capital Management LLC boosted its stake in VSE by 1,057.8% in the 4th quarter. Aquatic Capital Management LLC now owns 6,947 shares of the construction company's stock valued at $661,000 after buying an additional 6,347 shares in the last quarter. Finally, Oberweis Asset Management Inc. grew its position in VSE by 29.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 58,600 shares of the construction company's stock valued at $5,573,000 after acquiring an additional 13,400 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VSEC. StockNews.com raised VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial cut their price objective 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 assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

VSE Trading Down 4.4 %

Shares of VSEC stock traded down $5.41 on Monday, reaching $117.10. 284,431 shares of the stock were exchanged, compared to its average volume of 214,128. 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 Co. has a one year low of $73.36 and a one year high of $128.72. The stock has a market cap of $2.42 billion, a PE ratio of 141.08 and a beta of 1.32. The stock has a 50 day moving average price of $115.23 and a 200 day moving average price of $108.77.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. Equities research analysts forecast that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's dividend payout ratio is currently 48.19%.

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.