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

Jane Street Group LLC lifted its position in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,731 shares of the construction company's stock after purchasing an additional 4,087 shares during the period. Jane Street Group LLC owned 0.12% of VSE worth $2,352,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VSEC. Barclays PLC boosted its holdings in shares of VSE by 711.2% during the third quarter. Barclays PLC now owns 40,770 shares of the construction company's stock worth $3,374,000 after purchasing an additional 35,744 shares during the period. JPMorgan Chase & Co. boosted 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 worth $581,000 after purchasing an additional 1,058 shares during the period. Park Avenue Securities LLC raised its stake in VSE by 32.5% in the fourth quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company's stock worth $481,000 after buying an additional 1,242 shares in the last quarter. Hennessy Advisors Inc. raised its stake in VSE by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 127,946 shares of the construction company's stock worth $12,168,000 after buying an additional 8,200 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in VSE in the fourth quarter worth about $493,000. 91.54% of the stock is currently 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 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 value of $371,191.22. Following the sale, the director now owns 3,837 shares in the company, valued at approximately $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

VSE Stock Down 1.6%

Shares of NASDAQ VSEC traded down $2.04 on Wednesday, reaching $129.24. 6,570 shares of the company's stock traded hands, compared to its average volume of 215,561. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 162.11 and a beta of 1.34. 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 business's 50 day simple moving average is $118.27 and its two-hundred day simple moving average is $110.78. VSE Co. has a 12 month low of $73.36 and a 12 month high of $139.51.

VSE (NASDAQ:VSEC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.23. The company had revenue of $256.05 million during 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 firm's quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities research analysts forecast that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors 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 dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE's dividend payout ratio (DPR) is currently 50.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VSEC. StockNews.com raised shares of VSE to a "sell" rating in a research note on Thursday, March 6th. Truist Financial increased 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. B. Riley increased their price target on shares of VSE from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Finally, Royal Bank of Canada raised their target price on shares of VSE from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, VSE currently has a consensus rating of "Moderate Buy" and a consensus price target 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.