Castleark Management LLC Purchases Shares of 76,180 VSE Co. (NASDAQ:VSEC)

Castleark Management LLC purchased a new stake in VSE Co. (NASDAQ:VSEC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 76,180 shares of the construction company's stock, valued at approximately $7,245,000. Castleark Management LLC owned 0.37% of VSE at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC increased its position in VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after purchasing an additional 35,744 shares in the last quarter. SG Americas Securities LLC acquired a new stake in VSE during the 4th quarter valued at $493,000. Legal & General Group Plc grew its stake in shares of VSE by 3.2% during the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock valued at $1,517,000 after acquiring an additional 490 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock worth $581,000 after acquiring an additional 1,058 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in VSE by 32.5% in the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company's stock valued at $481,000 after purchasing an additional 1,242 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at VSE

In other VSE news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the transaction, the director now directly owns 3,837 shares of the company's stock, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on VSEC. Royal Bank of Canada upped their price target on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. B. Riley upped their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Truist Financial boosted their price target on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, StockNews.com upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, VSE currently has a consensus rating of "Moderate Buy" and an average target price of $125.17.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $131.27 on Wednesday. The business has a 50-day moving average of $118.27 and a two-hundred day moving average of $110.78. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $139.51. 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 stock has a market capitalization of $2.71 billion, a P/E ratio of 164.09 and a beta of 1.34.

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

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th 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 0.30%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's payout ratio is 50.00%.

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.

Want to see what other hedge funds are holding VSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VSE Co. (NASDAQ:VSEC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.