Zimmer Partners LP Invests $3.33 Million in VSE Co. (NASDAQ:VSEC)

Zimmer Partners LP bought a new position in VSE Co. (NASDAQ:VSEC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,000 shares of the construction company's stock, valued at approximately $3,328,000. Zimmer Partners LP owned about 0.17% of VSE at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VSEC. Squarepoint Ops LLC purchased a new position in VSE during the 4th quarter valued at $1,157,000. Nuveen Asset Management LLC increased its position in shares of VSE by 6.2% during the fourth quarter. Nuveen Asset Management LLC now owns 56,511 shares of the construction company's stock valued at $5,374,000 after buying an additional 3,304 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VSE by 15.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,015 shares of the construction company's stock valued at $952,000 after buying an additional 1,314 shares during the period. J. Goldman & Co LP bought a new position in VSE in the fourth quarter worth about $3,314,000. Finally, Expect Equity LLC purchased a new stake in VSE in the fourth quarter worth about $2,262,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

VSE Stock Down 0.2%

Shares of VSE stock traded down $0.24 during midday trading on Monday, hitting $126.68. The company had a trading volume of 182,936 shares, compared to its average volume of 218,041. The company has a 50 day moving average of $119.02 and a 200 day moving average of $111.15. The stock has a market capitalization of $2.62 billion, a P/E ratio of 158.35 and a beta of 1.34. VSE Co. has a 52-week low of $73.36 and a 52-week high of $139.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

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 analysts' consensus estimates of $0.55 by $0.23. The firm had revenue of $256.05 million for the quarter, compared to analysts' expectations of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company's quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued 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 presently 50.00%.

Insider Transactions at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the firm's 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 sale, the director now owns 3,837 shares of the company's stock, valued at $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on VSEC shares. Wall Street Zen upgraded VSE to a "sell" rating in a report on Thursday, March 6th. 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 research report on Thursday, May 8th. 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. Finally, Truist Financial raised their price objective on VSE from $130.00 to $140.00 and gave the company a "buy" rating in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.17.

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.