J. Goldman & Co LP Takes $3.31 Million Position in VSE Co. (NASDAQ:VSEC)

J. Goldman & Co LP bought a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,845 shares of the construction company's stock, valued at approximately $3,314,000. J. Goldman & Co LP owned 0.17% of VSE as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VSEC. T. Rowe Price Investment Management Inc. grew its holdings in VSE by 52.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company's stock worth $192,689,000 after purchasing an additional 698,642 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of VSE during the fourth quarter valued at $35,834,000. Artisan Partners Limited Partnership purchased a new stake in shares of VSE during the fourth quarter valued at $31,692,000. Ameriprise Financial Inc. grew its holdings in shares of VSE by 63.4% during the fourth quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company's stock valued at $68,115,000 after buying an additional 277,971 shares during the last quarter. Finally, Capital Research Global Investors lifted its position in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company's stock valued at $170,616,000 after purchasing an additional 258,674 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 3,837 shares of the company's stock, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 14.60% of the stock is currently owned by insiders.

VSE Stock Up 0.4%

Shares of VSEC traded up $0.51 during midday trading on Thursday, reaching $131.21. The stock had a trading volume of 166,656 shares, compared to its average volume of 220,049. VSE Co. has a 1-year low of $73.36 and a 1-year high of $136.00. The company's fifty day simple moving average is $116.93 and its two-hundred day simple moving average is $109.97. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 164.01 and a beta of 1.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.23. The firm had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company's revenue was up 57.6% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. Equities research analysts expect that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE's payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on VSEC. B. Riley boosted their target price on shares of VSE from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada upped their price target on shares of VSE from $140.00 to $150.00 and gave the stock an "outperform" 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 stock 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.