Emerald Investment Advisers LLC Makes New $5.47 Million Investment in VSE Corporation $VSEC

Key Points

• Emerald Investment Advisers acquired a new $5.47 million stake in VSE Corporation during the second quarter, purchasing 23,955 shares. Institutional investors collectively own 91.54% of VSE’s outstanding stock.
• VSE reported quarterly EPS of $1.75, exceeding analyst expectations of $0.93, while revenue rose 65% year over year to $449.14 million. Shares recently traded at $217.58, with analysts holding a “Moderate Buy” consensus and an average price target of $252.22.
• VSE announced a quarterly dividend of $0.10 per share, equivalent to a $0.40 annualized payout and a 0.2% yield. Meanwhile, the CEO and COO recently sold shares, reducing their respective holdings by 9.36% and 13.17%.

Emerald Investment Advisers LLC acquired a new stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,955 shares of the construction company's stock, valued at approximately $5,474,000. Emerald Investment Advisers LLC owned approximately 0.09% of VSE at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VSEC. Royal Bank of Canada boosted its holdings in VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company's stock worth $1,576,000 after buying an additional 3,350 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of VSE during the 1st quarter valued at $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company's stock worth $1,258,000 after acquiring an additional 470 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company's stock worth $41,563,000 after acquiring an additional 32,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of VSE by 56.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company's stock worth $6,050,000 after purchasing an additional 18,220 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Trading Up 1.4%

Shares of NASDAQ VSEC opened at $217.58 on Friday. 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 Corporation has a one year low of $154.67 and a one year high of $247.85. The business has a 50-day moving average price of $214.92 and a two-hundred day moving average price of $201.36. The firm has a market capitalization of $6.10 billion, a PE ratio of 69.74, a PEG ratio of 1.03 and a beta of 1.23.

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

VSE Dividend Announcement

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

Insider Activity at VSE

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the transaction, the chief operating officer owned 42,839 shares in the company, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John A. Cuomo sold 17,500 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 169,537 shares of the company's stock, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings upgraded 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 price objective on shares of VSE in a research note on Wednesday, July 15th. B. Riley Financial reissued a "buy" rating on shares of VSE in a research report on Friday, August 7th. Jefferies Financial Group restated a "buy" rating and issued a $275.00 price target on shares of VSE in a research report on Sunday, August 9th. Finally, Truist Financial raised shares of VSE to a "strong-buy" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $252.22.

VSE 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.

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