Russell Investments Group Ltd. Sells 17,541 Shares of VSE Corporation $VSEC

Key Points

• Russell Investments Group Ltd. has reduced its holdings in VSE Corporation by 68.6%, now owning shares worth approximately $963,000 after selling over 17,500 shares in the 1st quarter.
• Several investment analysts have raised their price targets for VSE, with Royal Bank of Canada increasing its target to $180.00 and maintaining an "outperform" rating.
• VSE Corporation recently reported better-than-expected earnings, with earnings per share of $0.97, surpassing analyst estimates of $0.69, alongside a revenue increase of 41.1% year-over-year.

Russell Investments Group Ltd. reduced its stake in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 68.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,029 shares of the construction company's stock after selling 17,541 shares during the period. Russell Investments Group Ltd.'s holdings in VSE were worth $963,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company's stock worth $73,000 after purchasing an additional 163 shares during the period. KBC Group NV purchased a new position in VSE in the 1st quarter worth $99,000. Tower Research Capital LLC TRC raised its position in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after purchasing an additional 258 shares during the period. Cetera Investment Advisers purchased a new position in VSE in the 1st quarter worth $202,000. Finally, HighTower Advisors LLC purchased a new position in VSE in the 1st quarter worth $268,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Trading Up 1.7%

Shares of VSEC traded up $2.75 during trading hours on Thursday, reaching $164.72. 167,905 shares of the company traded hands, compared to its average volume of 239,410. The company's fifty day moving average price is $146.51 and its two-hundred day moving average price is $129.69. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 147.07 and a beta of 1.37. The company has a quick ratio of 1.44, a current ratio of 3.73 and a debt-to-equity ratio of 0.38. VSE Corporation has a 12 month low of $80.60 and a 12 month high of $169.00.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.28. The firm had revenue of $272.14 million for the quarter, compared to analyst estimates of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.25%. The company's revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. VSE has set its FY 2025 guidance at EPS. Equities research analysts predict 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. Stockholders of record on Wednesday, October 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE's payout ratio is presently 35.71%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VSEC shares. Truist Financial boosted their price objective on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. B. Riley boosted their price objective 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. Finally, Royal Bank Of Canada boosted their price objective 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, VSE has a consensus rating of "Buy" and an average price target of $145.00.

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.