Capital Research Global Investors Raises Stake in VSE Co. (NASDAQ:VSEC)

Capital Research Global Investors lifted its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,794,069 shares of the construction company's stock after acquiring an additional 258,674 shares during the period. Capital Research Global Investors owned approximately 8.79% of VSE worth $170,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VSEC. Summit Investment Advisors Inc. grew its stake in shares of VSE by 14.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock worth $175,000 after acquiring an additional 233 shares in the last quarter. Corebridge Financial Inc. grew its position in VSE by 3.0% in the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock worth $832,000 after purchasing an additional 258 shares in the last quarter. Bragg Financial Advisors Inc grew its position in VSE by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 60,648 shares of the construction company's stock worth $5,768,000 after purchasing an additional 299 shares in the last quarter. LPL Financial LLC increased its stake in VSE by 13.8% in the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after buying an additional 391 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after buying an additional 420 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VSEC. StockNews.com upgraded shares of VSE to a "sell" rating in a research note on Thursday, March 6th. Truist Financial lowered their price target on shares of VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

VSE Trading Up 0.2 %

VSEC stock traded up $0.24 during trading on Friday, hitting $113.94. 165,666 shares of the company traded hands, compared to its average volume of 210,845. 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 Co. has a 1 year low of $73.36 and a 1 year high of $128.72. The company has a 50-day moving average of $113.28 and a 200-day moving average of $107.66. The firm has a market capitalization of $2.36 billion, a PE ratio of 137.28 and a beta of 1.32.

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

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.35%. VSE's dividend payout ratio (DPR) is presently 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.