Calamos Advisors LLC Makes New $1.06 Million Investment in VSE Co. (NASDAQ:VSEC)

Calamos Advisors LLC purchased a new position in VSE Co. (NASDAQ:VSEC) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 16,380 shares of the construction company’s stock, valued at approximately $1,058,000.

A number of other hedge funds also recently modified their holdings of VSEC. Arizona State Retirement System bought a new stake in VSE during the 4th quarter worth approximately $242,000. Vanguard Group Inc. boosted its holdings in shares of VSE by 17.5% in the third quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after buying an additional 103,586 shares during the period. Deutsche Bank AG increased its position in shares of VSE by 17.4% during the third quarter. Deutsche Bank AG now owns 5,057 shares of the construction company’s stock worth $255,000 after acquiring an additional 750 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of VSE by 6.4% during the third quarter. The Manufacturers Life Insurance Company now owns 4,733 shares of the construction company’s stock worth $239,000 after acquiring an additional 286 shares during the period. Finally, Royal Bank of Canada lifted its position in VSE by 18.9% in the 3rd quarter. Royal Bank of Canada now owns 7,748 shares of the construction company’s stock valued at $391,000 after acquiring an additional 1,233 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VSEC. Benchmark reissued a “buy” rating and issued a $85.00 price target on shares of VSE in a research note on Tuesday, April 16th. StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Truist Financial upped their price target on VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, VSE has an average rating of “Moderate Buy” and an average target price of $78.25.

VSE Trading Up 0.8 %

VSE stock opened at $75.68 on Monday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 31.53 and a beta of 1.67. The firm has a 50-day moving average of $75.62 and a 200-day moving average of $65.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95. VSE Co. has a one year low of $41.17 and a one year high of $83.00.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.53%. VSE’s dividend payout ratio (DPR) is presently 16.67%.

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.