4,900 Shares in VSE Corporation $VSEC Purchased by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board acquired 4,900 shares of VSE Corporation worth approximately $1.12 million, while institutional investors collectively own 91.54% of the company.
• VSE reported strong quarterly results, with earnings of $1.75 per share versus the $0.93 consensus estimate and revenue of $449.14 million, up 65% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $252.22; VSE also declared a quarterly dividend of $0.10 per share.

Canada Pension Plan Investment Board acquired a new stake in VSE Corporation (NASDAQ:VSEC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,900 shares of the construction company's stock, valued at approximately $1,120,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Castleark Management LLC bought a new position in VSE during the 2nd quarter worth approximately $11,017,000. Osterweis Capital Management Inc. bought a new stake in shares of VSE in the 2nd quarter valued at approximately $16,383,000. Legal & General Group Plc bought a new stake in shares of VSE in the 2nd quarter valued at approximately $14,343,000. The Manufacturers Life Insurance Company bought a new stake in shares of VSE in the 2nd quarter valued at approximately $3,329,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of VSE during the 2nd quarter valued at approximately $362,000. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Trading Down 3.3%

Shares of NASDAQ:VSEC opened at $208.68 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The company's 50-day moving average price is $215.83 and its 200 day moving average price is $202.21. The company has a market cap of $5.86 billion, a PE ratio of 66.88, a P/E/G ratio of 1.03 and a beta of 1.23. VSE Corporation has a fifty-two week low of $154.67 and a fifty-two week high of $247.85.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82. VSE had a net margin of 6.17% and a return on equity of 6.71%. The firm had revenue of $449.14 million during the quarter, compared to analysts' expectations of $425.03 million. During the same quarter in the prior year, the firm earned $0.97 EPS. VSE's quarterly revenue was up 65.0% on a year-over-year basis. Sell-side analysts anticipate that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. VSE's dividend payout ratio (DPR) is 12.82%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VSEC. Deutsche Bank Aktiengesellschaft raised their price objective on VSE from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. B. Riley Financial reiterated a "buy" rating on shares of VSE in a research note on Friday, August 7th. Stifel Nicolaus increased their target price on shares of VSE from $245.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of VSE from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Finally, Morgan Stanley set a $230.00 price target on shares of VSE in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $252.22.

Insider Activity

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the transaction, the chief operating officer owned 42,839 shares of the company's stock, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John A. Cuomo sold 17,500 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the transaction, the chief executive officer directly owned 169,537 shares in the company, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company's stock.

VSE Company Profile

VSE Corporation NASDAQ: VSEC is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company's solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE's core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.

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