GAMMA Investing LLC lifted its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 26,597.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,679 shares of the construction company's stock after purchasing an additional 10,639 shares during the period. GAMMA Investing LLC owned 0.05% of VSE worth $1,281,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in VSE during the fourth quarter worth about $226,000. Castleark Management LLC bought a new position in shares of VSE during the 4th quarter worth approximately $7,245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of VSE by 53.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,202 shares of the construction company's stock worth $3,062,000 after acquiring an additional 11,153 shares during the period. Woodline Partners LP increased its holdings in shares of VSE by 148.6% during the 4th quarter. Woodline Partners LP now owns 112,840 shares of the construction company's stock worth $10,731,000 after acquiring an additional 67,452 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in VSE in the 4th quarter valued at $3,328,000. 91.54% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
VSEC has been the topic of several research reports. Royal Bank Of Canada upped their price objective on shares of 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 shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of VSE to a "sell" rating in a report on Thursday, March 6th. Finally, B. Riley boosted their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, VSE presently has an average rating of "Moderate Buy" and a consensus price target of $125.17.
Get Our Latest Stock Analysis on VSEC
Insider Buying and Selling at VSE
In related news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the transaction, the director now directly owns 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 14.60% of the company's stock.
VSE Stock Performance
Shares of VSEC traded up $0.43 during mid-day trading on Tuesday, hitting $134.45. 136,564 shares of the company's stock were exchanged, compared to its average volume of 220,845. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE Co. has a 52 week low of $73.36 and a 52 week high of $140.64. The stock's 50-day simple moving average is $123.71 and its 200-day simple moving average is $112.91. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 168.06 and a beta of 1.28.
VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. The firm 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 company's quarterly revenue was up 57.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities research analysts expect 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. Shareholders of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. VSE's payout ratio is 50.00%.
About VSE
(
Free Report)
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.
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