Corient Private Wealth LP Buys New Holdings in VSE Corporation $VSEC

Key Points

• Corient Private Wealth LP purchased 21,545 VSE shares worth approximately $4.9 million, joining several other institutions that increased or initiated positions. Institutional investors now own 91.54% of the company.
• VSE reported strong quarterly results, with EPS of $1.75 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 consensus “Moderate Buy” rating and a $252.22 target price, while CEO John Cuomo sold 17,500 shares. VSE also declared a quarterly dividend of $0.10 per share.

Corient Private Wealth LP purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,545 shares of the construction company's stock, valued at approximately $4,923,000. Corient Private Wealth LP owned 0.08% of VSE at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Emerald Advisers LLC boosted its stake in shares of VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company's stock valued at $58,047,000 after purchasing an additional 35,246 shares during the period. Emerald Mutual Fund Advisers Trust raised its holdings in VSE by 16.4% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company's stock valued at $36,127,000 after acquiring an additional 27,563 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in VSE in the second quarter valued at $44,103,000. American Capital Management Inc. bought a new position in VSE during the 2nd quarter valued at $29,461,000. Finally, Bamco Inc. NY bought a new position in VSE during the 2nd quarter valued at $22,888,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Activity at VSE

In other news, CEO John Cuomo sold 17,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the transaction, the chief executive officer owned 169,537 shares of the company's stock, valued at approximately $41,111,027.13. This represents a 9.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company's stock.

VSE Stock Down 0.1%

VSEC stock opened at $174.83 on Friday. The company has a 50 day moving average of $207.54 and a two-hundred day moving average of $199.97. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 56.04, a PEG ratio of 0.71 and a beta of 1.24. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly 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. The company had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE's quarterly revenue was up 65.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.97 EPS. On average, equities analysts anticipate that VSE Corporation will post 6.77 earnings per share for the current fiscal year.

VSE Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on VSEC. B. Riley Financial reiterated a "buy" rating on shares of VSE in a report on Friday, August 7th. Royal Bank Of Canada boosted their target price on shares of VSE from $240.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Zacks Research cut shares of VSE from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Morgan Stanley set a $230.00 price target on shares of VSE in a research note on Wednesday, July 15th. Finally, Guggenheim assumed coverage on VSE in a report on Monday, September 14th. They set a "neutral" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $252.22.

About VSE

VSE Corporation NASDAQ: VSEC is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE's Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.

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