Corient Private Wealth LP Invests $4.95 Million in VSE Corporation $VSEC

Key Points

• Corient Private Wealth acquired 21,644 VSE shares valued at approximately $4.95 million, while institutional investors collectively own 91.54% of the company.
• VSE reported quarterly revenue of $449.14 million, up 65% year over year, and adjusted earnings of $1.75 per share—$0.82 above analyst expectations.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $252.22 price target; however, VSE’s CEO and COO recently sold shares.

Corient Private Wealth LP acquired a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,644 shares of the construction company's stock, valued at approximately $4,946,000. Corient Private Wealth LP owned approximately 0.08% of VSE at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VSEC. Bank of New York Mellon Corp acquired a new position in VSE in the 2nd quarter worth about $44,103,000. American Capital Management Inc. acquired a new stake in shares of VSE during the 2nd quarter valued at about $29,461,000. Bamco Inc. NY acquired a new stake in shares of VSE during the 2nd quarter valued at about $22,888,000. Freestone Grove Partners LP bought a new stake in shares of VSE in the 2nd quarter valued at approximately $18,721,000. Finally, Osterweis Capital Management Inc. bought a new stake in shares of VSE in the 2nd quarter valued at approximately $16,383,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Insider Transactions at VSE

In related news, CEO John A. Cuomo sold 17,500 shares of the company's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the sale, the chief executive officer owned 169,537 shares of the company's stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the transaction, the chief operating officer directly owned 42,839 shares of the company's stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company's stock.

VSE Stock Performance

Shares of NASDAQ VSEC opened at $208.68 on Tuesday. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 1.03 and a beta of 1.23. VSE Corporation has a one year low of $154.67 and a one year high of $247.85. The business has a fifty day simple moving average of $215.83 and a 200 day simple moving average of $202.21. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the previous year, the company earned $0.97 earnings per share. The business's revenue was up 65.0% compared to the same quarter last year. Sell-side analysts expect that VSE Corporation will post 5.78 EPS for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given 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 payout ratio is 12.82%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on VSE from $280.00 to $290.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of VSE from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, July 20th. Morgan Stanley set a $230.00 target price on shares of VSE in a research report on Wednesday, July 15th. Zacks Research downgraded shares of VSE from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Finally, Citigroup lifted their price objective on shares of VSE from $263.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, VSE has an average rating of "Moderate Buy" and an average price target of $252.22.

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.

Want to see what other hedge funds are holding VSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VSE Corporation (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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source