Lord Abbett & CO. LLC Has $11.17 Million Stake in VSE Corporation $VSEC

Key Points

• Lord Abbett & CO. LLC has reduced its stake in VSE Corporation by 55.8%, selling 117,479 shares and now holds 93,058 shares valued at approximately $11 million.
• Neuberger Berman Group LLC increased its position in VSE by 100.5%, acquiring an additional 378,661 shares and bringing its total to about 755,461 shares worth $90.6 million.
• VSE Corporation reported a quarterly EPS of $0.97, exceeding analyst estimates, and has declared a quarterly dividend of $0.10 per share to be paid on October 29th.

Lord Abbett & CO. LLC lowered its position in VSE Corporation (NASDAQ:VSEC - Free Report) by 55.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,058 shares of the construction company's stock after selling 117,479 shares during the quarter. Lord Abbett & CO. LLC owned 0.45% of VSE worth $11,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its holdings in VSE by 52.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after acquiring an additional 698,642 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in VSE by 100.5% in the first 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. grew its holdings in VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock worth $68,115,000 after acquiring an additional 277,971 shares during the period. Capital Research Global Investors boosted its position in shares of VSE by 16.8% during the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock worth $170,616,000 after purchasing an additional 258,674 shares in the last quarter. Finally, Fred Alger Management LLC bought a new position in shares of VSE during the 4th quarter worth approximately $24,530,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VSEC has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price target 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. Truist Financial raised their target price on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, B. Riley raised their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $145.00.

VSE Trading Up 1.9%

Shares of NASDAQ VSEC traded up $2.98 on Thursday, reaching $162.73. 34,715 shares of the company traded hands, compared to its average volume of 247,849. The company has a 50 day moving average of $140.32 and a 200 day moving average of $125.00. The stock has a market capitalization of $3.37 billion, a PE ratio of 145.19 and a beta of 1.33. VSE Corporation has a fifty-two week low of $80.60 and a fifty-two week high of $166.85. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38.

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. The firm had revenue of $272.14 million during the quarter, compared to the consensus estimate of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The company's revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. VSE has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is presently 35.71%.

VSE Company 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.