CenterBook Partners LP Buys 10,434 Shares of VSE Corporation $VSEC

Key Points

• CenterBook Partners increased its VSE stake by 98.2% in the third quarter, purchasing 10,434 shares to reach 21,057 shares, valued at about $3.47 million. Institutional investors collectively own 91.54% of the company.
• VSE reported quarterly EPS of $2.01, beating estimates of $1.76, while revenue of $541 million exceeded forecasts and rose 91.2% year over year.
• Analysts rate the stock a “Moderate Buy” on average, with a consensus price target of $254; VSE also announced a quarterly dividend of $0.10 per share.

CenterBook Partners LP lifted its stake in VSE Corporation (NASDAQ:VSEC - Free Report) by 98.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,057 shares of the construction company's stock after buying an additional 10,434 shares during the period. CenterBook Partners LP owned about 0.08% of VSE worth $3,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. WINTON GROUP Ltd acquired a new position in shares of VSE in the 2nd quarter worth approximately $2,545,000. Jupiter Topco LLC bought a new stake in VSE during the 2nd quarter worth approximately $2,783,000. Wellington Management Group LLP bought a new stake in VSE during the 2nd quarter worth approximately $13,164,000. Susquehanna Fundamental Investments LLC grew its position in VSE by 956.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 37,536 shares of the construction company's stock worth $8,577,000 after acquiring an additional 33,983 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in VSE during the 2nd quarter valued at $754,000. Institutional investors own 91.54% of the company's stock.

VSE Stock Performance

Shares of VSE stock opened at $172.81 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.63 and a quick ratio of 1.30. The firm has a market cap of $4.85 billion, a P/E ratio of 39.10, a P/E/G ratio of 0.71 and a beta of 1.26. The firm has a 50 day simple moving average of $173.04 and a 200 day simple moving average of $195.06. VSE Corporation has a fifty-two week low of $138.85 and a fifty-two week high of $247.85.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The construction company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.25. The firm had revenue of $541.01 million for the quarter, compared to the consensus estimate of $512.13 million. VSE had a return on equity of 7.10% and a net margin of 7.87%. The business's revenue for the quarter was up 91.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that VSE Corporation will post 6.72 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's payout ratio is presently 9.05%.

Insider Buying and Selling at VSE

In other news, CEO John Cuomo sold 1,566 shares of the company's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $187.49, for a total transaction of $293,609.34. Following the transaction, the chief executive officer owned 167,971 shares of the company's stock, valued at $31,492,882.79. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on VSE from $220.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday. Zacks Research lowered VSE from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 3rd. Weiss Ratings restated a "hold (c+)" rating on shares of VSE in a report on Friday, October 16th. Deutsche Bank Aktiengesellschaft raised their target price on VSE from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Finally, Guggenheim initiated coverage on VSE in a report on Monday, September 14th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $254.00.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.

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