Neuberger Berman Group LLC Takes $35.83 Million Position in VSE Co. (NASDAQ:VSEC)

Neuberger Berman Group LLC acquired a new position in shares of VSE Co. (NASDAQ:VSEC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 376,800 shares of the construction company's stock, valued at approximately $35,834,000. Neuberger Berman Group LLC owned approximately 1.85% of VSE at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of VSE in the 4th quarter valued at about $47,000. Sanctuary Advisors LLC bought a new position in shares of VSE in the third quarter worth $155,000. KFA Private Wealth Group LLC acquired a new stake in shares of VSE in the 4th quarter worth approximately $209,000. M&T Bank Corp bought a new position in VSE during the 4th quarter valued at $239,000. Finally, BNP Paribas Financial Markets grew its holdings in VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company's stock worth $274,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

VSE Price Performance

Shares of NASDAQ:VSEC traded down $3.28 during midday trading on Wednesday, hitting $109.11. The stock had a trading volume of 184,281 shares, compared to its average volume of 246,772. 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 Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72. The company has a market capitalization of $2.26 billion, a P/E ratio of 131.46 and a beta of 1.32. The company's 50-day moving average price is $112.00 and its 200-day moving average price is $106.47.

VSE (NASDAQ:VSEC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. As a group, equities research analysts predict that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. VSE's dividend payout ratio is 48.19%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VSEC shares. StockNews.com upgraded shares of VSE to a "sell" rating in a research report on Thursday, March 6th. Truist Financial upped their price objective on shares of VSE from $129.00 to $134.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.67.

VSE 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.