Woodline Partners LP Grows Stock Holdings in VSE Co. (NASDAQ:VSEC)

Woodline Partners LP grew its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 148.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,840 shares of the construction company's stock after buying an additional 67,452 shares during the period. Woodline Partners LP owned approximately 0.55% of VSE worth $10,731,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zimmer Partners LP bought a new stake in VSE in the 4th quarter worth approximately $3,328,000. Squarepoint Ops LLC bought a new stake in shares of VSE in the 4th quarter valued at about $1,157,000. Nuveen Asset Management LLC boosted its holdings in VSE by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 56,511 shares of the construction company's stock valued at $5,374,000 after acquiring an additional 3,304 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in VSE by 15.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,015 shares of the construction company's stock worth $952,000 after acquiring an additional 1,314 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new position in VSE in the 4th quarter worth approximately $3,314,000. Institutional investors own 91.54% of the company's stock.

Insider Activity at VSE

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 stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the transaction, the director now directly owns 3,837 shares of the company's stock, valued at approximately $496,431.06. This 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. 14.60% of the stock is owned by insiders.

Analysts Set New Price Targets

VSEC has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada lifted their price objective on 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 VSE to a "sell" rating in a research note on Thursday, March 6th. Finally, B. Riley upped their price target on VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $125.17.

VSE Stock Down 0.8%

Shares of VSEC stock traded down $1.00 during trading hours on Wednesday, hitting $128.97. 40,847 shares of the company's stock traded hands, compared to its average volume of 217,375. 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 stock's fifty day simple moving average is $119.33 and its two-hundred day simple moving average is $111.34. VSE Co. has a 12-month low of $73.36 and a 12-month high of $139.51. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 161.16 and a beta of 1.34.

VSE (NASDAQ:VSEC - Get Free Report) last released its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, topping the consensus estimate 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 company's revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. On average, analysts expect that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company also recently declared 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 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's payout ratio is 50.00%.

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.