VSE Co. (NASDAQ:VSEC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in VSE Co. (NASDAQ:VSEC) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 25,093 shares of the construction company’s stock after purchasing an additional 710 shares during the quarter. Fisher Asset Management LLC’s holdings in VSE were worth $1,621,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of VSE by 11.7% in the 4th quarter. Russell Investments Group Ltd. now owns 80,644 shares of the construction company’s stock valued at $5,210,000 after acquiring an additional 8,471 shares during the last quarter. Simplex Trading LLC acquired a new position in VSE in the fourth quarter worth $199,000. Bfsg LLC bought a new stake in VSE during the fourth quarter valued at $41,000. Jennison Associates LLC raised its holdings in shares of VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock worth $32,040,000 after purchasing an additional 55,714 shares during the period. Finally, RIA Advisory Group LLC bought a new position in shares of VSE in the 4th quarter worth about $923,000. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VSEC. Truist Financial boosted their price objective on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Benchmark reiterated a “buy” rating and set a $85.00 price target on shares of VSE in a research report on Tuesday, April 16th. Finally, StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.25.

VSE Trading Up 0.5 %

Shares of NASDAQ:VSEC opened at $85.21 on Thursday. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $78.06 and its 200 day moving average price is $67.54. The company has a market cap of $1.34 billion, a PE ratio of 35.50 and a beta of 1.68. VSE Co. has a fifty-two week low of $45.76 and a fifty-two week high of $86.26.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. 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.