First Trust Advisors LP Has $27.37 Million Position in VSE Co. (NASDAQ:VSEC)

First Trust Advisors LP reduced its stake in VSE Co. (NASDAQ:VSEC - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 287,803 shares of the construction company's stock after selling 32,560 shares during the period. First Trust Advisors LP owned 1.41% of VSE worth $27,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of VSEC. Vanguard Group Inc. boosted its holdings in shares of VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company's stock worth $101,904,000 after buying an additional 182,465 shares during the period. Jennison Associates LLC boosted its holdings in shares of VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company's stock worth $88,311,000 after acquiring an additional 104,868 shares during the period. AltraVue Capital LLC boosted its holdings in shares of VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company's stock worth $58,738,000 after acquiring an additional 50,000 shares during the period. Geode Capital Management LLC grew its position in shares of VSE by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company's stock valued at $39,821,000 after purchasing an additional 35,919 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in VSE during the 4th quarter worth approximately $35,834,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

VSE Price Performance

Shares of VSE stock traded up $2.47 on Thursday, reaching $116.89. 45,324 shares of the stock were exchanged, compared to its average volume of 211,483. The firm's 50 day moving average is $114.09 and its 200-day moving average is $108.22. The firm has a market cap of $2.42 billion, a PE ratio of 141.27 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a one year low of $73.36 and a one year high of $128.72.

VSE (NASDAQ:VSEC - Get Free Report) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 EPS 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 analysts' expectations of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. As a group, analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. VSE's payout ratio is presently 48.19%.

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.