Lord Abbett & CO. LLC Sells 13,611 Shares of VSE Co. (NASDAQ:VSEC)

Lord Abbett & CO. LLC cut its holdings in shares of VSE Co. (NASDAQ:VSEC - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,537 shares of the construction company's stock after selling 13,611 shares during the quarter. Lord Abbett & CO. LLC owned 1.03% of VSE worth $20,022,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company's stock worth $45,000 after purchasing an additional 420 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of VSE in the fourth quarter valued at about $47,000. Tower Research Capital LLC TRC lifted its holdings in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company's stock valued at $138,000 after purchasing an additional 258 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of VSE by 14.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company's stock valued at $175,000 after purchasing an additional 233 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in VSE during the third quarter worth approximately $155,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Performance

Shares of VSE stock traded up $5.93 on Friday, reaching $122.98. The stock had a trading volume of 94,074 shares, compared to its average volume of 212,371. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The business's 50-day moving average price is $114.47 and its two-hundred day moving average price is $108.40. The stock has a market cap of $2.54 billion, a P/E ratio of 148.01 and a beta of 1.32. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72.

VSE (NASDAQ:VSEC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. On average, sell-side analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's payout ratio is 48.19%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial dropped their target price on shares of VSE from $134.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, VSE currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

VSE Company Profile

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.