The Manufacturers Life Insurance Company Buys 2,307 Shares of VSE Co. (NASDAQ:VSEC)

The Manufacturers Life Insurance Company grew its stake in shares of VSE Co. (NASDAQ:VSEC) by 43.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,557 shares of the construction company’s stock after purchasing an additional 2,307 shares during the period. The Manufacturers Life Insurance Company’s holdings in VSE were worth $625,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of VSE in the second quarter valued at approximately $42,000. US Bancorp DE grew its holdings in shares of VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after acquiring an additional 2,384 shares in the last quarter. Archer Investment Corp bought a new position in shares of VSE in the second quarter valued at approximately $247,000. Park Avenue Securities LLC grew its holdings in shares of VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after acquiring an additional 842 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VSEC shares. StockNews.com raised VSE to a “sell” rating in a report on Monday, December 9th. Jefferies Financial Group upped their target price on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Truist Financial upped their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, B. Riley upped their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.50.

VSE Trading Down 0.8 %

NASDAQ:VSEC opened at $108.21 on Friday. The company has a market cap of $2.21 billion, a P/E ratio of 35.54 and a beta of 1.57. The stock’s fifty day moving average price is $108.34 and its two-hundred day moving average price is $93.80. VSE Co. has a 1 year low of $57.10 and a 1 year high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, analysts expect that VSE Co. will post 2.9 EPS for the current year.

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.