Aquatic Capital Management LLC Has $661,000 Position in VSE Co. (NASDAQ:VSEC)

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in VSEC. T. Rowe Price Investment Management Inc. increased its stake in VSE by 52.6% in 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 purchasing an additional 698,642 shares during the period. Neuberger Berman Group LLC purchased a new stake in shares of VSE in the fourth quarter valued at $35,834,000. Artisan Partners Limited Partnership bought a new position in shares of VSE in the 4th quarter worth $31,692,000. Capital Research Global Investors increased its holdings in shares of VSE by 16.8% during the 4th 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 position in VSE during the fourth quarter worth $24,018,000. 91.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on VSEC. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial decreased 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 investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, VSE has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

VSE Price Performance

VSEC stock traded up $7.37 on Wednesday, reaching $125.43. The company had a trading volume of 203,517 shares, compared to its average volume of 214,996. VSE Co. has a 1 year low of $73.36 and a 1 year high of $128.72. The company's fifty day moving average is $115.24 and its 200 day moving average is $108.84. The company has a market cap of $2.59 billion, a P/E ratio of 152.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $256.05 million during the quarter, compared to analysts' expectations of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business's revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. On average, research analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

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 $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. VSE's 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.