Jupiter Topco LLC Purchases New Shares in VSE Corporation $VSEC

Key Points

• Jupiter Topco LLC acquired 12,184 VSE shares worth approximately $2.78 million in the second quarter. Institutional investors and hedge funds collectively own 91.54% of VSE’s stock.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $252.22; RBC and Citigroup recently raised their targets to $265 and $280, respectively.
• VSE reported quarterly EPS of $1.75, surpassing estimates by $0.82, while revenue rose 65% year over year to $449.14 million. The company also declared a quarterly dividend of $0.10 per share, although its CEO and COO recently sold shares.

Jupiter Topco LLC acquired a new position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,184 shares of the construction company's stock, valued at approximately $2,783,000.

Several other hedge funds have also recently modified their holdings of VSEC. Allworth Financial LP purchased a new stake in VSE during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company's stock worth $45,000 after acquiring an additional 153 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of VSE during the second quarter worth approximately $51,000. GAMMA Investing LLC raised its stake 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 purchasing an additional 130 shares during the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in VSE in the 2nd quarter valued at $90,000. Institutional investors and hedge funds own 91.54% of the company's stock.

Analysts Set New Price Targets

VSEC has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of 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 target price on shares of VSE in a research note on Wednesday, July 15th. B. Riley Financial restated a "buy" rating on shares of VSE in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on VSE from $240.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, Citigroup boosted their price objective on VSE from $263.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. One 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.22.

VSE Price Performance

Shares of VSEC stock opened at $196.57 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. The firm's 50-day moving average is $215.10 and its two-hundred day moving average is $202.11. VSE Corporation has a 12 month low of $154.67 and a 12 month high of $247.85. The company has a market capitalization of $5.52 billion, a PE ratio of 63.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.24.

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

VSE Announces Dividend

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

Insider Buying and Selling

In other VSE news, COO Benjamin E. Thomas sold 6,500 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the sale, the chief operating officer owned 42,839 shares of the company's stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the sale, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. This represents a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company's stock.

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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