VSE Co. (NASDAQ:VSEC) Position Raised by Deutsche Bank AG

Deutsche Bank AG grew its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,963 shares of the construction company's stock after purchasing an additional 5,608 shares during the quarter. Deutsche Bank AG owned 0.06% of VSE worth $1,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VSEC. T. Rowe Price Investment Management Inc. lifted its stake in VSE by 52.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after acquiring an additional 698,642 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in shares of VSE in the 4th quarter valued at $35,834,000. Artisan Partners Limited Partnership acquired a new position in shares of VSE in the 4th quarter valued at $31,692,000. Ameriprise Financial Inc. increased its stake in VSE by 63.4% in the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock valued at $68,115,000 after buying an additional 277,971 shares during the period. Finally, Capital Research Global Investors increased its stake in VSE by 16.8% in the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after buying an additional 258,674 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Stock Down 1.3%

NASDAQ:VSEC traded down $1.69 during trading hours on Wednesday, hitting $128.28. The stock had a trading volume of 148,233 shares, compared to its average volume of 217,786. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE Co. has a 1-year low of $73.36 and a 1-year high of $139.51. The business has a 50 day simple moving average of $119.33 and a two-hundred day simple moving average of $111.34. The company has a market cap of $2.65 billion, a PE ratio of 160.35 and a beta of 1.34.

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

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VSEC shares. 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 note on Thursday, May 8th. Wall Street Zen upgraded shares of VSE to a "sell" rating in a report on Thursday, March 6th. Truist Financial upped their price objective on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada increased their target price on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.17.

Insider Buying and Selling

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now directly owns 3,837 shares in the company, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.60% of the stock is currently owned by company insiders.

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.