Expect Equity LLC Buys New Stake in VSE Co. (NASDAQ:VSEC)

Expect Equity LLC acquired a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,785 shares of the construction company's stock, valued at approximately $2,262,000. VSE comprises 2.4% of Expect Equity LLC's investment portfolio, making the stock its 20th biggest holding. Expect Equity LLC owned approximately 0.12% of VSE at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VSEC. T. Rowe Price Investment Management Inc. increased its holdings in 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 purchasing an additional 698,642 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in VSE during the 4th quarter worth approximately $35,834,000. Artisan Partners Limited Partnership purchased a new stake in VSE during the 4th quarter worth approximately $31,692,000. Ameriprise Financial Inc. increased its holdings in VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock worth $68,115,000 after purchasing an additional 277,971 shares during the last quarter. Finally, Capital Research Global Investors raised its stake 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 buying an additional 258,674 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now directly owns 3,837 shares in the company, valued at $496,431.06. This trade represents a 42.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.60% of the company's stock.

VSE Stock Performance

NASDAQ:VSEC traded down $0.60 during midday trading on Wednesday, reaching $131.94. 127,686 shares of the company traded hands, compared to its average volume of 219,651. VSE Co. has a twelve month low of $73.36 and a twelve month high of $136.00. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 164.93 and a beta of 1.34. 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 company has a fifty day moving average price of $116.64 and a 200 day moving average price of $109.83.

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

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. VSE's dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of research analyst reports. StockNews.com raised VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial increased their target price on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. B. Riley increased their target price on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Royal Bank of Canada increased their target price on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, VSE presently has a consensus rating of "Moderate Buy" and an average price target of $125.17.

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.