163,935 Shares in VSE Corporation (NASDAQ:VSEC) Acquired by Emerald Advisers LLC

Emerald Advisers LLC acquired a new stake in VSE Corporation (NASDAQ:VSEC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 163,935 shares of the construction company's stock, valued at approximately $19,671,000. Emerald Advisers LLC owned 0.79% of VSE as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after purchasing an additional 420 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of VSE in the fourth quarter valued at approximately $47,000. Amalgamated Bank grew its holdings in VSE by 36.5% during the first quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after acquiring an additional 163 shares during the period. KBC Group NV acquired a new position in VSE during the first quarter worth $99,000. Finally, Tower Research Capital LLC TRC grew its holdings in VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on VSEC shares. Royal Bank Of Canada upped their target price on VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Truist Financial lifted their target price on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.00.

Insider Activity at VSE

In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred 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 completion of the transaction, the director owned 3,837 shares in the company, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.60% of the company's stock.

VSE Stock Up 0.8%

NASDAQ VSEC traded up $0.98 on Monday, reaching $127.65. The company had a trading volume of 16,369 shares, compared to its average volume of 224,144. The firm has a market capitalization of $2.64 billion, a PE ratio of 159.50 and a beta of 1.26. VSE Corporation has a 1 year low of $73.36 and a 1 year high of $140.64. The firm has a 50-day moving average of $130.83 and a 200-day moving average of $115.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. VSE had a return on equity of 6.62% and a net margin of 1.41%. The firm had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. During the same quarter last year, the firm earned $0.45 EPS. VSE's quarterly revenue was up 57.6% on a year-over-year basis. On average, equities research analysts anticipate that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. VSE's payout ratio is 50.00%.

VSE 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.