Penserra Capital Management LLC Acquires Shares of 5,287 VSE Corporation (NASDAQ:VSEC)

Penserra Capital Management LLC acquired a new stake in VSE Corporation (NASDAQ:VSEC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,287 shares of the construction company's stock, valued at approximately $634,000.

Several other large investors have also modified their holdings of VSEC. Bank of New York Mellon Corp raised its stake in shares of VSE by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 80,972 shares of the construction company's stock worth $7,700,000 after purchasing an additional 2,429 shares during the last quarter. US Bancorp DE raised its stake in shares of VSE by 16.8% during the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock worth $287,000 after purchasing an additional 435 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of VSE by 15.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 188,274 shares of the construction company's stock worth $17,905,000 after purchasing an additional 24,964 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of VSE by 15.0% during the fourth quarter. Victory Capital Management Inc. now owns 17,715 shares of the construction company's stock worth $1,685,000 after purchasing an additional 2,314 shares during the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of VSE during the fourth quarter worth approximately $239,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Trading Up 1.1%

Shares of VSEC stock opened at $127.76 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12. The firm has a market capitalization of $2.64 billion, a PE ratio of 159.70 and a beta of 1.26. VSE Corporation has a 1-year low of $73.36 and a 1-year high of $140.64. The business's fifty day moving average price is $130.75 and its 200 day moving average price is $115.48.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results 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 company had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 6.62% and a net margin of 1.41%. VSE's revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, sell-side analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VSEC. Truist Financial upped their price target on VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada upped their price objective on VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, B. Riley upped 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 research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $130.00.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director owned 3,837 shares of the company's stock, valued at approximately $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.60% of the company's stock.

VSE 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.

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