Nuveen Asset Management LLC Grows Stock Position in VSE Co. (NASDAQ:VSEC)

Nuveen Asset Management LLC grew its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,511 shares of the construction company's stock after purchasing an additional 3,304 shares during the period. Nuveen Asset Management LLC owned about 0.28% of VSE worth $5,374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Sterling Capital Management LLC grew its holdings in shares of VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after purchasing an additional 420 shares during the last quarter. Quantbot Technologies LP bought a new stake in VSE during the 4th quarter worth approximately $47,000. Tower Research Capital LLC TRC grew its holdings in VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock worth $138,000 after acquiring an additional 258 shares during the last quarter. Summit Investment Advisors Inc. increased its position in VSE by 14.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after acquiring an additional 233 shares during the period. Finally, M&T Bank Corp bought a new position in shares of VSE during the fourth quarter valued at $239,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Trading Down 0.1%

Shares of VSE stock traded down $0.16 on Tuesday, hitting $130.03. 300,410 shares of the company's stock traded hands, compared to its average volume of 219,354. The company has a fifty day moving average of $119.79 and a two-hundred day moving average of $111.57. VSE Co. has a one year low of $73.36 and a one year high of $139.51. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 162.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

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

VSE Dividend Announcement

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

Analysts Set New Price Targets

VSEC has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. B. Riley increased their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen upgraded VSE to a "sell" rating in a research report on Thursday, March 6th. Finally, Truist Financial upped their target price on VSE from $130.00 to $140.00 and gave the company a "buy" 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.17.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the stock in a transaction dated 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 owns 3,837 shares in the company, valued at approximately $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is currently owned by company insiders.

About VSE

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.