VSE Corporation $VSEC is Legal Advantage Investments Inc.'s 3rd Largest Position

Key Points

• Legal Advantage Investments Inc. reduced its stake in VSE Corporation by 31.2%, owning 59,504 shares after selling 26,972 shares, which now represents approximately 3.8% of its investment portfolio.
• Several institutional investors, including Amalgamated Bank and US Bancorp DE, have increased their stakes in VSE, indicating a mixed sentiment among institutional shareholders.
• VSE Corporation reported better-than-expected quarterly earnings with an EPS of $0.97, surpassing analyst estimates, and the company also announced a dividend of $0.10 per share scheduled for October 29th.

Legal Advantage Investments Inc. lowered its position in VSE Corporation (NASDAQ:VSEC - Free Report) by 31.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,504 shares of the construction company's stock after selling 26,972 shares during the period. VSE makes up about 3.8% of Legal Advantage Investments Inc.'s portfolio, making the stock its 3rd largest position. Legal Advantage Investments Inc. owned approximately 0.29% of VSE worth $7,140,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in VSEC. Neuberger Berman Group LLC increased its stake in VSE by 100.5% during the 1st quarter. Neuberger Berman Group LLC now owns 755,461 shares of the construction company's stock valued at $90,648,000 after purchasing an additional 378,661 shares in the last quarter. Informed Momentum Co LLC purchased a new position in shares of VSE during the 1st quarter valued at approximately $3,524,000. HighTower Advisors LLC acquired a new position in shares of VSE in the first quarter worth about $268,000. Nuveen LLC acquired a new position in VSE in the 1st quarter worth about $5,967,000. Finally, Aigen Investment Management LP acquired a new position in shares of VSE during the 1st quarter worth approximately $275,000. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Stock Performance

NASDAQ:VSEC traded down $1.41 during mid-day trading on Wednesday, reaching $159.75. 315,630 shares of the stock were exchanged, compared to its average volume of 285,690. The company has a 50 day simple moving average of $140.32 and a 200-day simple moving average of $125.00. The stock has a market capitalization of $3.30 billion, a P/E ratio of 142.63 and a beta of 1.33. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $166.85. The company has a quick ratio of 1.44, a current ratio of 3.73 and a debt-to-equity ratio of 0.38.

VSE (NASDAQ:VSEC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The construction company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.69 by $0.28. VSE had a net margin of 1.94% and a return on equity of 7.25%. The firm had revenue of $272.14 million during the quarter, compared to the consensus estimate of $267.39 million. During the same quarter in the prior year, the firm earned $0.47 EPS. VSE's revenue for the quarter was up 41.1% on a year-over-year basis. VSE has set its FY 2025 guidance at EPS. Analysts anticipate that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. VSE's dividend payout ratio (DPR) is currently 35.71%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSEC. Royal Bank Of Canada upped their price target on shares of VSE from $150.00 to $180.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial boosted their price target on shares of VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, B. Riley increased their price objective on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, VSE presently has an average rating of "Buy" and a consensus price target of $145.00.

VSE Company 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.