New York Life Investment Management LLC Sells 196 Shares of VSE Co. (NASDAQ:VSEC)

New York Life Investment Management LLC trimmed its holdings in shares of VSE Co. (NASDAQ:VSEC) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,721 shares of the construction company’s stock after selling 196 shares during the quarter. New York Life Investment Management LLC’s holdings in VSE were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VSEC. Russell Investments Group Ltd. boosted 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 worth $5,210,000 after purchasing an additional 8,471 shares during the period. Simplex Trading LLC bought a new position in VSE during the 4th quarter valued at about $199,000. Bfsg LLC purchased a new stake in VSE in the 4th quarter worth about $41,000. Jennison Associates LLC lifted its stake in VSE by 12.7% in 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 last quarter. Finally, RIA Advisory Group LLC bought a new position in shares of VSE during the fourth quarter valued at approximately $923,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

VSEC has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and set a $85.00 price objective on shares of VSE in a report on Tuesday, April 16th. StockNews.com cut shares of VSE from a “hold” rating to a “sell” rating in a 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 stock. Based on data from MarketBeat.com, VSE has a consensus rating of “Moderate Buy” and an average price target of $78.25.

VSE Stock Performance

Shares of VSE stock opened at $80.68 on Friday. 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 stock’s fifty day moving average price is $78.19 and its 200-day moving average price is $67.64. The firm has a market cap of $1.27 billion, a P/E ratio of 33.62 and a beta of 1.68. VSE Co. has a 12 month low of $45.76 and a 12 month high of $86.26.

VSE Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Wednesday, May 1st. VSE’s dividend payout ratio (DPR) is 16.67%.

VSE Company 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.