VSE Co. (NASDAQ:VSEC) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in VSE Co. (NASDAQ:VSEC - Free Report) by 47.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,982 shares of the construction company's stock after acquiring an additional 4,176 shares during the period. Wells Fargo & Company MN owned about 0.06% of VSE worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VSEC. Corebridge Financial Inc. boosted its holdings in shares of VSE by 3.0% in the 4th quarter. Corebridge Financial Inc. now owns 8,753 shares of the construction company's stock valued at $832,000 after purchasing an additional 258 shares during the last quarter. LPL Financial LLC boosted its holdings in VSE by 13.8% in the fourth quarter. LPL Financial LLC now owns 3,223 shares of the construction company's stock valued at $307,000 after acquiring an additional 391 shares during the last quarter. US Bancorp DE boosted its holdings in VSE by 16.8% in the fourth quarter. US Bancorp DE now owns 3,021 shares of the construction company's stock valued at $287,000 after acquiring an additional 435 shares during the last quarter. Quantbot Technologies LP purchased a new stake in VSE during the fourth quarter valued at about $47,000. Finally, Swiss National Bank increased its stake in VSE by 1.6% during the fourth quarter. Swiss National Bank now owns 32,678 shares of the construction company's stock worth $3,108,000 after acquiring an additional 500 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

VSE Stock Up 2.2 %

Shares of VSEC stock traded up $2.53 during trading hours on Thursday, hitting $117.05. 221,727 shares of the company were exchanged, compared to its average volume of 212,164. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 141.02 and a beta of 1.32. VSE Co. has a one year low of $73.36 and a one year high of $128.72. The business's 50-day simple moving average is $114.09 and its two-hundred day simple moving average is $108.22. 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 (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, beating analysts' consensus estimates of $0.73 by $0.17. The business 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%. Sell-side 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st. VSE's dividend payout ratio is presently 48.19%.

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.