SG Americas Securities LLC Grows Stake in VSE Corporation $VSEC

Key Points

• SG Americas Securities LLC boosted its stake in VSE by 1,331% in Q4, adding 55,474 shares to hold 59,642 shares (~$10.3M), representing about 0.26% of the company.
• Analysts are broadly bullish—eight "Buy" ratings and one "Hold"—with several firms raising targets (e.g., Stifel to $260, Citi to $261) and an average price target of $233.71, well above the current share price.
• VSE recently beat expectations with EPS $1.16 vs. $0.88 and revenue of $301.2M (up 32.4% YoY), though the stock trades at a high valuation (market cap ≈ $4.8B, P/E ≈ 192).

SG Americas Securities LLC increased its position in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 1,331.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,642 shares of the construction company's stock after purchasing an additional 55,474 shares during the quarter. SG Americas Securities LLC owned 0.26% of VSE worth $10,304,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of VSE by 34.2% in the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company's stock valued at $1,576,000 after buying an additional 3,350 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of VSE in the 1st quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of VSE by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company's stock worth $1,258,000 after buying an additional 470 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company's stock valued at $41,563,000 after acquiring an additional 32,489 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in VSE by 56.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company's stock valued at $6,050,000 after acquiring an additional 18,220 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VSEC has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on shares of VSE from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, March 2nd. William Blair reiterated an "outperform" rating on shares of VSE in a research report on Thursday, March 12th. Citigroup raised their price objective on shares of VSE from $233.00 to $261.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. B. Riley Financial lifted their price objective on VSE from $208.00 to $258.00 and gave the stock a "buy" rating in a research report on Monday, February 2nd. Finally, Truist Financial set a $222.00 target price on VSE in a research note on Friday, January 9th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, VSE currently has an average rating of "Moderate Buy" and an average target price of $233.71.

VSE Price Performance

NASDAQ:VSEC opened at $170.89 on Monday. VSE Corporation has a 12-month low of $100.53 and a 12-month high of $231.60. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 192.01, a price-to-earnings-growth ratio of 1.55 and a beta of 1.34. The company's 50-day moving average is $205.17 and its two-hundred day moving average is $185.10. The company has a current ratio of 3.76, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.28. The business had revenue of $301.18 million during the quarter, compared to the consensus estimate of $289.55 million. VSE had a net margin of 1.84% and a return on equity of 7.60%. The company's quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. Research analysts expect that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, April 15th. VSE's payout ratio is presently 44.94%.

VSE Profile

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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