UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 11,153 Shares of VSE Co. (NASDAQ:VSEC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,202 shares of the construction company's stock after buying an additional 11,153 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of VSE worth $3,062,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its position in shares of VSE by 52.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock valued at $192,689,000 after buying an additional 698,642 shares in the last quarter. Capital Research Global Investors increased its stake in VSE by 16.8% in the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after buying an additional 258,674 shares during the last quarter. Vanguard Group Inc. lifted its position in VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock worth $101,904,000 after buying an additional 182,465 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 buying an additional 277,971 shares during the last quarter. Finally, AltraVue Capital LLC boosted its position in VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock valued at $58,738,000 after purchasing an additional 50,000 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSEC has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. B. Riley raised their price target on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Truist Financial upped their price objective on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.17.

Insider Activity

In related news, Director Anita D. Britt sold 2,869 shares of the company's 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 completion of the transaction, the director now directly owns 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is currently owned by corporate insiders.

VSE Price Performance

Shares of VSEC stock traded up $1.79 during trading hours on Friday, reaching $133.64. The company's stock had a trading volume of 142,539 shares, compared to its average volume of 220,231. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $139.51. The firm's 50 day simple moving average is $120.73 and its 200-day simple moving average is $112.07. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 167.05 and a beta of 1.28.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $256.05 million during the quarter, compared to the consensus estimate of $248.20 million. During the same period in the prior year, the company earned $0.45 EPS. VSE's revenue for the quarter was up 57.6% on a year-over-year basis. Sell-side analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. VSE's payout ratio is currently 50.00%.

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.