Peregrine Capital Management LLC Reduces Stock Holdings in VSE Co. (NASDAQ:VSEC)

Peregrine Capital Management LLC lowered its position in VSE Co. (NASDAQ:VSEC - Free Report) by 24.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 164,732 shares of the construction company's stock after selling 54,411 shares during the quarter. Peregrine Capital Management LLC owned about 1.05% of VSE worth $10,643,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in VSEC. Captrust Financial Advisors increased its holdings in VSE by 789.2% in the 2nd quarter. Captrust Financial Advisors now owns 658 shares of the construction company's stock worth $25,000 after acquiring an additional 584 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in VSE by 333.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 794 shares of the construction company's stock valued at $40,000 after buying an additional 611 shares in the last quarter. Amalgamated Bank grew its holdings in VSE by 18.4% during the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company's stock valued at $62,000 after buying an additional 192 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in VSE by 36.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,496 shares of the construction company's stock valued at $94,000 after buying an additional 663 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC grew its holdings in VSE by 33.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,332 shares of the construction company's stock valued at $118,000 after buying an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VSEC shares. Benchmark reaffirmed a "buy" rating and set a $85.00 target price on shares of VSE in a report on Monday, December 18th. StockNews.com lowered VSE from a "hold" rating to a "sell" rating in a report on Friday, January 26th. Finally, Truist Financial lifted their target price on VSE from $77.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $78.25.

VSE Price Performance

Shares of NASDAQ VSEC traded down $0.33 during midday trading on Tuesday, hitting $80.05. 88,606 shares of the company's stock were exchanged, compared to its average volume of 91,337. The business's fifty day moving average price is $73.36 and its two-hundred day moving average price is $64.01. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 33.35 and a beta of 1.67. VSE Co. has a 12-month low of $40.88 and a 12-month high of $83.00. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be given a $0.10 dividend. The ex-dividend date is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. VSE's payout ratio is 16.67%.

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.