Aquatic Capital Management LLC Boosts Stock Position in VSE Co. (NASDAQ:VSEC)

Aquatic Capital Management LLC grew its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 1,057.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,947 shares of the construction company's stock after acquiring an additional 6,347 shares during the quarter. Aquatic Capital Management LLC's holdings in VSE were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after acquiring an additional 698,642 shares during the period. Neuberger Berman Group LLC acquired a new position in VSE in the fourth quarter worth about $35,834,000. Artisan Partners Limited Partnership bought a new position in VSE during the fourth quarter worth about $31,692,000. Capital Research Global Investors boosted its holdings in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after purchasing an additional 258,674 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in VSE during the fourth quarter valued at approximately $24,018,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Performance

VSE stock traded up $5.46 during trading hours on Friday, hitting $122.51. The company had a trading volume of 324,968 shares, compared to its average volume of 213,845. VSE Co. has a one year low of $73.36 and a one year high of $128.72. The firm has a 50-day moving average of $114.91 and a 200 day moving average of $108.68. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a market cap of $2.53 billion, a PE ratio of 147.60 and a beta of 1.32.

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

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. VSE's payout ratio is 48.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSEC. Truist Financial cut their price objective on VSE from $134.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 17th. StockNews.com raised shares of VSE to a "sell" rating in a report on Thursday, March 6th. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

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.