Fred Alger Management LLC Has $43.39 Million Holdings in VSE Corporation $VSEC

Key Points

• Fred Alger Management LLC has increased its holdings in VSE Corporation (NASDAQ:VSEC) by 40.2%, acquiring an additional 103,712 shares, bringing its total to 361,648 shares.
• VSE reported quarterly earnings with an EPS of $0.97, surpassing analysts' expectations, and its revenue increased 41.1% year-over-year.
• The company has set a quarterly dividend of $0.10 per share, with a payout ratio of 35.71%, and an annualized dividend yield of 0.2%.

Fred Alger Management LLC increased its stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,648 shares of the construction company's stock after buying an additional 103,712 shares during the period. Fred Alger Management LLC owned 1.75% of VSE worth $43,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VSEC. T. Rowe Price Investment Management Inc. lifted its position in VSE by 25.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,537,378 shares of the construction company's stock worth $304,460,000 after buying an additional 511,214 shares in the last quarter. Neuberger Berman Group LLC lifted its position in VSE by 100.5% during the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock valued at $90,648,000 after purchasing an additional 378,661 shares during the period. Ameriprise Financial Inc. lifted its position in VSE by 48.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,063,832 shares of the construction company's stock valued at $127,654,000 after purchasing an additional 347,664 shares during the period. Durable Capital Partners LP lifted its position in VSE by 41.9% during the 1st quarter. Durable Capital Partners LP now owns 865,017 shares of the construction company's stock valued at $103,793,000 after purchasing an additional 255,434 shares during the period. Finally, Emerald Advisers LLC acquired a new position in VSE during the 1st quarter valued at about $19,671,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their target price on shares of VSE from $150.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, VSE has a consensus rating of "Buy" and a consensus price target of $145.00.

VSE Trading Down 2.0%

Shares of VSEC stock traded down $3.41 on Friday, reaching $164.51. The company had a trading volume of 183,257 shares, compared to its average volume of 197,448. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The stock has a market cap of $3.40 billion, a PE ratio of 146.88 and a beta of 1.37. The company has a 50-day moving average of $150.91 and a 200-day moving average of $132.41. VSE Corporation has a 12 month low of $80.61 and a 12 month high of $169.78.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.28. VSE had a return on equity of 7.25% and a net margin of 1.94%.The business had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. During the same period in the prior year, the business earned $0.47 EPS. VSE's revenue for the quarter was up 41.1% compared to the same quarter last year. VSE has set its FY 2025 guidance at EPS. On average, equities analysts forecast that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be paid 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 of this dividend is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is currently 35.71%.

About VSE

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.