Envestnet Asset Management Inc. Buys New Stake in VSE Co. (NASDAQ:VSEC)

Envestnet Asset Management Inc. bought a new stake in shares of VSE Co. (NASDAQ:VSEC) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,085 shares of the construction company’s stock, valued at approximately $1,340,000. Envestnet Asset Management Inc. owned about 0.07% of VSE as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC raised its stake in VSE by 711.2% in the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after purchasing an additional 35,744 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of VSE in the third quarter valued at approximately $155,000. Franklin Resources Inc. boosted its position in VSE by 121.6% during the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after acquiring an additional 178,435 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in VSE by 24.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after acquiring an additional 44,662 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in VSE by 5.9% in the 3rd quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock valued at $1,826,000 after acquiring an additional 1,236 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on VSEC. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday, March 6th. Truist Financial lowered their price target on VSE from $134.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

VSE Stock Performance

NASDAQ VSEC opened at $115.88 on Wednesday. The business’s 50-day simple moving average is $113.80 and its 200-day simple moving average is $108.18. The firm has a market capitalization of $2.40 billion, a P/E ratio of 139.61 and a beta of 1.32. VSE Co. has a 1-year low of $73.36 and a 1-year high of $128.72. 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 released its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Equities analysts predict that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s dividend payout ratio is presently 48.19%.

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.