GAMMA Investing LLC Buys 10,639 Shares of VSE Co. (NASDAQ:VSEC)

GAMMA Investing LLC grew its stake in shares of VSE Co. (NASDAQ:VSEC) by 26,597.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,679 shares of the construction company’s stock after acquiring an additional 10,639 shares during the quarter. GAMMA Investing LLC owned about 0.05% of VSE worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock valued at $192,689,000 after acquiring an additional 698,642 shares during the period. Capital Research Global Investors lifted its position in shares of VSE by 16.8% during the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock valued at $170,616,000 after acquiring an additional 258,674 shares during the period. Vanguard Group Inc. lifted its position in shares of VSE by 20.5% during the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock valued at $101,904,000 after acquiring an additional 182,465 shares during the period. Ameriprise Financial Inc. lifted its position in shares of VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after acquiring an additional 277,971 shares during the period. Finally, AltraVue Capital LLC lifted its position in shares of VSE by 8.8% during the 4th quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company’s stock valued at $58,738,000 after acquiring an additional 50,000 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other VSE news, Director Anita D. Britt sold 2,869 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now owns 3,837 shares in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 14.60% of the company’s stock.

Analyst Ratings Changes

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

VSE Price Performance

Shares of VSEC opened at $137.95 on Monday. VSE Co. has a 12-month low of $73.36 and a 12-month high of $140.64. The business has a 50-day simple moving average of $123.17 and a two-hundred day simple moving average of $112.79. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.85 billion, a PE ratio of 172.44 and a beta of 1.28.

VSE (NASDAQ:VSEC) last issued its 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. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $256.05 million during the quarter, compared to analysts’ expectations of $248.20 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 57.6% compared to the same quarter last year. Analysts anticipate that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be issued a $0.10 dividend. 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 0.29%. VSE’s payout ratio is presently 50.00%.

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.