2,372 Shares in VSE Co. (NASDAQ:VSEC) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC acquired a new position in VSE Co. (NASDAQ:VSEC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,372 shares of the construction company’s stock, valued at approximately $226,000.

A number of other large investors also recently added to or reduced their stakes in the company. Castleark Management LLC acquired a new position in VSE during the fourth quarter worth $7,245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in VSE by 53.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,202 shares of the construction company’s stock worth $3,062,000 after purchasing an additional 11,153 shares in the last quarter. Woodline Partners LP lifted its stake in VSE by 148.6% during the fourth quarter. Woodline Partners LP now owns 112,840 shares of the construction company’s stock worth $10,731,000 after purchasing an additional 67,452 shares in the last quarter. Zimmer Partners LP acquired a new position in VSE during the fourth quarter worth $3,328,000. Finally, Squarepoint Ops LLC acquired a new position in VSE during the fourth quarter worth $1,157,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Performance

Shares of VSEC opened at $134.02 on Tuesday. The company’s fifty day moving average price is $123.71 and its 200 day moving average price is $112.91. VSE Co. has a one year low of $73.36 and a one year high of $140.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The company has a market capitalization of $2.77 billion, a PE ratio of 167.53 and a beta of 1.28.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 57.6% compared to the same quarter last year. As a group, analysts expect that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. VSE’s dividend payout ratio (DPR) is currently 50.00%.

Insider Activity

In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction dated Friday, May 9th. The shares were 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 in the company, valued at approximately $496,431.06. The trade was a 42.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial increased their price objective on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. B. Riley boosted their price target on VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Wall Street Zen raised shares of VSE to a “sell” rating in a research report on Thursday, March 6th. Finally, Royal Bank of Canada increased their price objective on shares of VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.