Jane Street Group LLC Boosts Position in VSE Co. (NASDAQ:VSEC)

Jane Street Group LLC lifted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,731 shares of the construction company's stock after buying an additional 4,087 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of VSE worth $2,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in VSE by 40.7% in the fourth quarter. Northern Trust Corp now owns 203,322 shares of the construction company's stock valued at $19,336,000 after acquiring an additional 58,765 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in VSE by 15.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,738 shares of the construction company's stock valued at $831,000 after acquiring an additional 1,181 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in VSE by 1,057.8% in the fourth quarter. Aquatic Capital Management LLC now owns 6,947 shares of the construction company's stock valued at $661,000 after acquiring an additional 6,347 shares in the last quarter. Oberweis Asset Management Inc. boosted its holdings in VSE by 29.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 58,600 shares of the construction company's stock valued at $5,573,000 after acquiring an additional 13,400 shares in the last quarter. Finally, Voya Investment Management LLC boosted its holdings in VSE by 7.4% in the fourth quarter. Voya Investment Management LLC now owns 285,662 shares of the construction company's stock valued at $27,166,000 after acquiring an additional 19,592 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the 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. This represents a 42.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. B. Riley upped their target price on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada upped their target price 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. Finally, 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 note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and an average target price of $125.17.

VSE Trading Up 0.2%

VSEC traded up $0.25 during trading on Monday, reaching $133.69. The company had a trading volume of 185,119 shares, compared to its average volume of 216,771. VSE Co. has a 52 week low of $73.36 and a 52 week high of $139.51. The stock has a market cap of $2.76 billion, a P/E ratio of 167.11 and a beta of 1.34. The business has a 50 day simple moving average of $117.59 and a 200-day simple moving average of $110.42. 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 released its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.23. The company had revenue of $256.05 million during 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 revenue for the quarter was up 57.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. On average, equities analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

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