SG Americas Securities LLC Has $169,000 Stock Position in VSE Co. (NASDAQ:VSEC)

SG Americas Securities LLC grew its stake in VSE Co. (NASDAQ:VSEC – Get Rating) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,612 shares of the construction company’s stock after acquiring an additional 456 shares during the quarter. SG Americas Securities LLC’s holdings in VSE were worth $169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Management Group Inc. increased its stake in VSE by 5.9% during the 3rd quarter. Private Management Group Inc. now owns 218,961 shares of the construction company’s stock worth $7,751,000 after purchasing an additional 12,293 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of VSE by 0.8% in the third quarter. Mutual of America Capital Management LLC now owns 217,431 shares of the construction company’s stock valued at $7,697,000 after purchasing an additional 1,744 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of VSE by 1.9% in the third quarter. Advisors Asset Management Inc. now owns 17,082 shares of the construction company’s stock valued at $605,000 after purchasing an additional 326 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of VSE by 11.0% in the third quarter. Royal Bank of Canada now owns 4,729 shares of the construction company’s stock valued at $167,000 after purchasing an additional 469 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of VSE by 33.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,332 shares of the construction company’s stock valued at $118,000 after purchasing an additional 836 shares during the last quarter. 80.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VSEC has been the subject of several analyst reports. Royal Bank of Canada raised their target price on shares of VSE from $55.00 to $60.00 in a research note on Wednesday, May 3rd. Canaccord Genuity Group lifted their price objective on shares of VSE from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. B. Riley lifted their price objective on shares of VSE from $65.00 to $70.00 in a research report on Wednesday, May 3rd. Truist Financial boosted their target price on shares of VSE from $60.00 to $67.00 in a research report on Wednesday, May 3rd. Finally, Benchmark boosted their target price on shares of VSE from $56.00 to $70.00 in a research report on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.83.

VSE Price Performance

VSE stock opened at $46.55 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.99. VSE Co. has a 52-week low of $31.85 and a 52-week high of $59.15. The stock’s 50 day moving average price is $45.17 and its two-hundred day moving average price is $48.30. The stock has a market capitalization of $600.03 million, a price-to-earnings ratio of 19.32 and a beta of 1.48.

VSE (NASDAQ:VSEC – Get Rating) last announced its earnings results on Wednesday, March 8th. The construction company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). VSE had a net margin of 3.18% and a return on equity of 8.70%. The business had revenue of $234.32 million for the quarter, compared to analysts’ expectations of $235.34 million. On average, equities analysts predict that VSE Co. will post 3.42 earnings per share for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. VSE’s payout ratio is 16.60%.

About VSE

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VSE Corp. engages in the provision of repair services, parts distribution, logistics, supply chain management, and consulting services for land, sea, and air transportation assets to the commercial and government industry. It operates through the following segments: Aviation, Fleet, and Federal and Defense.