Woodline Partners LP Raises Stock Position in VSE Co. (NASDAQ:VSEC)

Woodline Partners LP lifted its holdings in VSE Co. (NASDAQ:VSEC - Free Report) by 148.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 112,840 shares of the construction company's stock after acquiring an additional 67,452 shares during the quarter. Woodline Partners LP owned 0.55% of VSE worth $10,731,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after purchasing an additional 35,744 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock worth $581,000 after buying an additional 1,058 shares during the period. Park Avenue Securities LLC lifted its stake in shares of VSE by 32.5% in the 4th quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company's stock valued at $481,000 after acquiring an additional 1,242 shares during the last quarter. SG Americas Securities LLC purchased a new stake in VSE during the 4th quarter valued at about $493,000. Finally, KFA Private Wealth Group LLC purchased a new stake in VSE during the 4th quarter valued at about $209,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

Insider Activity

In other news, Director Anita D. Britt sold 2,869 shares of VSE 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 approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

VSE Trading Down 0.2%

Shares of VSEC traded down $0.24 during trading hours on Friday, reaching $126.68. 182,936 shares of the company traded hands, compared to its average volume of 218,041. VSE Co. has a 12 month low of $73.36 and a 12 month high of $139.51. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 158.35 and a beta of 1.34. The company's fifty day moving average price is $119.02 and its two-hundred day moving average price is $111.15. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) 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 firm had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up 57.6% compared to the same quarter last year. Equities research analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on VSEC shares. Wall Street Zen upgraded VSE to a "sell" rating in a research report on Thursday, March 6th. Royal Bank of Canada lifted their target price 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. Truist Financial increased 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 target price on shares of VSE from $145.00 to $150.00 and gave the stock 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $125.17.

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.