Zimmer Partners LP bought a new stake in VSE Co. (NASDAQ:VSEC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,000 shares of the construction company's stock, valued at approximately $3,328,000. Zimmer Partners LP owned 0.17% of VSE as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock valued at $3,374,000 after acquiring an additional 35,744 shares during the period. SG Americas Securities LLC acquired a new position in VSE in the fourth quarter valued at approximately $493,000. Legal & General Group Plc raised its holdings in shares of VSE by 3.2% during the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company's stock valued at $1,517,000 after buying an additional 490 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of VSE by 17.7% during the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company's stock valued at $581,000 after buying an additional 1,058 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of VSE by 32.5% during the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company's stock valued at $481,000 after buying an additional 1,242 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.
VSE Price Performance
NASDAQ:VSEC traded down $0.24 during midday trading on Friday, hitting $126.68. 182,936 shares of the stock were exchanged, compared to its average volume of 218,041. 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 $2.62 billion, a price-to-earnings ratio of 158.35 and a beta of 1.34. The business has a 50-day moving average price of $119.02 and a two-hundred day moving average price of $111.17. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.
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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. The firm had revenue of $256.05 million for the quarter, compared to analyst estimates of $248.20 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Sell-side analysts predict that VSE Co. will post 2.96 EPS for the current year.
VSE Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.32%. VSE's dividend payout ratio (DPR) is 50.00%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on VSEC. Royal Bank of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Truist Financial lifted their price target on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen raised VSE to a "sell" rating in a report on Thursday, March 6th. Finally, B. Riley lifted their price target on VSE from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $125.17.
View Our Latest Research Report on VSE
Insiders Place Their Bets
In other VSE 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 value of $371,191.22. Following the transaction, the director now owns 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.
VSE Company Profile
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Free Report)
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.
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