Deutsche Bank AG Has $1.23 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Deutsche Bank AG boosted its stake in shares of VSE Co. (NASDAQ:VSEC) by 76.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,963 shares of the construction company’s stock after purchasing an additional 5,608 shares during the quarter. Deutsche Bank AG owned about 0.06% of VSE worth $1,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of VSE by 711.2% during the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after acquiring an additional 35,744 shares in the last quarter. SG Americas Securities LLC acquired a new stake in VSE during the 4th quarter valued at approximately $493,000. Legal & General Group Plc increased its position in shares of VSE by 3.2% during the fourth quarter. Legal & General Group Plc now owns 15,955 shares of the construction company’s stock worth $1,517,000 after buying an additional 490 shares during the period. JPMorgan Chase & Co. lifted its holdings in VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock valued at $581,000 after buying an additional 1,058 shares during the period. Finally, Truist Financial Corp bought a new stake in VSE in the fourth quarter worth approximately $557,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Trading Down 0.2%

Shares of VSEC opened at $126.68 on Monday. 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 Co. has a fifty-two week low of $73.36 and a fifty-two week high of $139.51. The company’s fifty day moving average is $119.02 and its 200 day moving average is $111.15. The stock has a market capitalization of $2.62 billion, a PE ratio of 158.35 and a beta of 1.34.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. The firm had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. VSE’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. Sell-side analysts expect that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. VSE’s dividend payout ratio is currently 50.00%.

Insider Activity at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total transaction of $371,191.22. Following the sale, the director now directly owns 3,837 shares of the company’s stock, valued at $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on VSEC shares. Wall Street Zen upgraded VSE to a “sell” rating in a report on Thursday, March 6th. Royal Bank of Canada raised their target price on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, B. Riley lifted their target price on VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.17.

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.