Squarepoint Ops LLC bought a new position in VSE Co. (NASDAQ:VSEC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,168 shares of the construction company's stock, valued at approximately $1,157,000. Squarepoint Ops LLC owned approximately 0.06% of VSE at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock valued at $3,374,000 after acquiring an additional 35,744 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of VSE in the fourth quarter worth $493,000. Legal & General Group Plc increased its stake in shares of VSE by 3.2% in the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock worth $1,517,000 after acquiring an additional 490 shares during the period. Truist Financial Corp acquired a new position in shares of VSE in the 4th quarter valued at $557,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of VSE in the fourth quarter valued at about $24,018,000. Institutional investors own 91.54% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VSEC. Truist Financial increased their target price on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. B. Riley boosted their target price on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada lifted their price target on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.17.
Check Out Our Latest Stock Report on VSE
VSE Stock Down 0.2%
NASDAQ VSEC traded down $0.21 during trading on Wednesday, hitting $131.16. 177,699 shares of the company traded hands, compared to its average volume of 219,701. The company has a market capitalization of $2.71 billion, a P/E ratio of 163.95 and a beta of 1.34. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE Co. has a 12 month low of $73.36 and a 12 month high of $139.51. The business has a fifty day simple moving average of $120.26 and a 200 day simple moving average of $111.84.
VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. The company had revenue of $256.05 million during the quarter, compared to analysts' expectations of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business's revenue was up 57.6% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. As a group, sell-side analysts predict that VSE Co. will post 2.96 EPS for the current year.
VSE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is currently 50.00%.
Insiders Place Their Bets
In other VSE news, Director Anita D. Britt sold 2,869 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the transaction, the director now owns 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 14.60% of the company's stock.
VSE Company Profile
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Free Report)
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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