Sanctuary Advisors LLC Acquires Shares of 1,874 VSE Co. (NASDAQ:VSEC)

Sanctuary Advisors LLC bought a new position in shares of VSE Co. (NASDAQ:VSEC) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,874 shares of the construction company’s stock, valued at approximately $155,000.

Several other hedge funds have also modified their holdings of VSEC. Geode Capital Management LLC lifted its stake in shares of VSE by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after purchasing an additional 42,637 shares during the period. Barclays PLC lifted its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after buying an additional 35,744 shares during the period. Jane Street Group LLC boosted its holdings in VSE by 21.8% during the third quarter. Jane Street Group LLC now owns 20,644 shares of the construction company’s stock worth $1,708,000 after buying an additional 3,690 shares during the last quarter. State Street Corp boosted its holdings in VSE by 5.2% during the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after buying an additional 15,931 shares during the last quarter. Finally, Wasatch Advisors LP bought a new stake in shares of VSE in the 3rd quarter valued at about $8,437,000. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

VSE Stock Up 0.0 %

NASDAQ:VSEC opened at $96.82 on Tuesday. The stock has a 50-day simple moving average of $109.99 and a 200 day simple moving average of $95.31. VSE Co. has a 52-week low of $57.10 and a 52-week high of $123.92. The company has a market cap of $1.98 billion, a PE ratio of 21.56 and a beta of 1.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. During the same period last year, the business earned $0.92 EPS. On average, sell-side analysts expect that VSE Co. will post 2.92 EPS for the current fiscal year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, January 23rd. VSE’s payout ratio is 8.91%.

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.