Simplex Trading LLC Makes New Investment in VSE Co. (NASDAQ:VSEC)

Simplex Trading LLC purchased a new stake in VSE Co. (NASDAQ:VSEC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,091 shares of the construction company’s stock, valued at approximately $199,000.

Several other large investors have also modified their holdings of VSEC. Bfsg LLC purchased a new stake in VSE during the fourth quarter valued at about $41,000. Amalgamated Bank increased its position in VSE by 18.4% in the 3rd quarter. Amalgamated Bank now owns 1,237 shares of the construction company’s stock worth $62,000 after purchasing an additional 192 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in VSE during the third quarter valued at approximately $135,000. Arizona State Retirement System acquired a new stake in VSE in the fourth quarter valued at approximately $242,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in VSE in the third quarter worth $202,000. 91.54% of the stock is owned by institutional investors.

VSE Trading Up 0.5 %

Shares of VSEC stock opened at $85.21 on Thursday. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.34 billion, a P/E ratio of 35.50 and a beta of 1.68. The firm’s fifty day simple moving average is $78.06 and its 200 day simple moving average is $67.54. VSE Co. has a 1 year low of $45.76 and a 1 year high of $86.26.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s payout ratio is presently 16.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Truist Financial upped their target price on VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Benchmark reaffirmed a “buy” rating and set a $85.00 price objective on shares of VSE in a report on Tuesday, April 16th. Finally, StockNews.com downgraded shares of VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.25.

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.