TD Asset Management Inc Has $7.49 Million Stake in VSE Corporation (NASDAQ:VSEC)

TD Asset Management Inc lifted its holdings in shares of VSE Corporation (NASDAQ:VSEC - Free Report) by 35.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 62,414 shares of the construction company's stock after acquiring an additional 16,486 shares during the period. TD Asset Management Inc owned approximately 0.30% of VSE worth $7,489,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after acquiring an additional 698,642 shares during the period. Capital Research Global Investors increased its position in shares of VSE by 16.8% during the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock worth $170,616,000 after purchasing an additional 258,674 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 182,465 shares in the last quarter. Ameriprise Financial Inc. increased its position 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 purchasing an additional 277,971 shares in the last quarter. Finally, Durable Capital Partners LP increased its position in shares of VSE by 55.4% during the 4th quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company's stock worth $57,971,000 after purchasing an additional 217,439 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the completion of the sale, the director owned 3,837 shares in the company, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.60% of the company's stock.

VSE Price Performance

VSEC traded down $10.27 during midday trading on Friday, hitting $146.27. The company had a trading volume of 312,210 shares, compared to its average volume of 168,697. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. The company has a market capitalization of $3.02 billion, a PE ratio of 130.60 and a beta of 1.33. VSE Corporation has a twelve month low of $73.36 and a twelve month high of $158.11. The firm's 50-day simple moving average is $132.97 and its 200-day simple moving average is $119.96.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.28. The firm had revenue of $272.14 million during the quarter, compared to analysts' expectations of $267.39 million. VSE had a net margin of 1.94% and a return on equity of 7.37%. The company's quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS. Equities research analysts predict that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, October 15th. VSE's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday. 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 report on Thursday, May 8th. Finally, B. Riley increased their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $136.00.

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.