Deutsche Bank AG Invests $6.78 Million in VSE Corporation $VSEC

Deutsche Bank AG purchased a new position in VSE Corporation (NASDAQ:VSEC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,680 shares of the construction company's stock, valued at approximately $6,782,000. Deutsche Bank AG owned 0.11% of VSE at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VSEC. GAMMA Investing LLC boosted its position in VSE by 89.0% in the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company's stock valued at $63,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC grew its stake in VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company's stock worth $45,000 after acquiring an additional 153 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of VSE during the second quarter worth approximately $51,000. Farther Finance Advisors LLC increased its position in shares of VSE by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company's stock worth $381,000 after acquiring an additional 323 shares during the period. Finally, Persistent Asset Partners Ltd bought a new stake in shares of VSE during the second quarter valued at approximately $90,000. Institutional investors own 91.54% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Truist Financial raised VSE to a "strong-buy" rating in a research note on Friday, May 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a $275.00 target price on shares of VSE in a research report on Sunday, August 9th. Morgan Stanley set a $230.00 target price on VSE in a research report on Wednesday, July 15th. B. Riley Financial reiterated a "buy" rating on shares of VSE in a report on Friday, August 7th. Finally, Citigroup increased their price target on VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $252.22.

Insider Buying and Selling at VSE

In other news, COO Benjamin E. Thomas sold 6,500 shares of the business's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value 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 approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John A. Cuomo sold 17,500 shares of the company's stock in a transaction on Monday, August 17th. The stock was 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. This trade represents a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.80% of the company's stock.

VSE Price Performance

NASDAQ VSEC opened at $215.00 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The firm's 50 day moving average price is $215.25 and its 200-day moving average price is $201.58. VSE Corporation has a 52-week low of $154.67 and a 52-week high of $247.85. The company has a market cap of $6.03 billion, a PE ratio of 68.91, a P/E/G ratio of 1.04 and a beta of 1.23.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.82. The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE's revenue for the quarter was up 65.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Sell-side analysts forecast that VSE Corporation will post 5.78 EPS for the current fiscal year.

VSE Announces Dividend

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, October 15th. VSE's payout ratio is presently 12.82%.

About VSE

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.

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