Amalgamated Bank raised its position in VSE Corporation (NASDAQ:VSEC – Free Report) by 36.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610 shares of the construction company’s stock after purchasing an additional 163 shares during the period. Amalgamated Bank’s holdings in VSE were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its position in shares of VSE by 52.6% in 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 purchasing an additional 698,642 shares during the last quarter. Capital Research Global Investors increased its position in shares of VSE by 16.8% in 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 purchasing an additional 258,674 shares during the last quarter. Vanguard Group Inc. increased its position in shares of VSE by 20.5% in the 4th quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock valued at $101,904,000 after purchasing an additional 182,465 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of VSE by 63.4% in the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after purchasing an additional 277,971 shares during the last quarter. Finally, AltraVue Capital LLC increased its position in shares of VSE by 8.8% in the 4th quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company’s stock valued at $58,738,000 after purchasing an additional 50,000 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on VSEC. Royal Bank Of Canada upped their target price on shares of VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Truist Financial upped their target price on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, B. Riley upped their target price on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.00.
VSE Trading Down 0.9%
Shares of VSE stock opened at $126.67 on Friday. The company has a fifty day simple moving average of $130.83 and a 200-day simple moving average of $115.67. VSE Corporation has a 12-month low of $73.36 and a 12-month high of $140.64. The company has a current ratio of 3.90, a quick ratio of 2.12 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 158.34 and a beta of 1.26.
VSE (NASDAQ:VSEC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share 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 analysts’ expectations of $248.20 million. VSE had a net margin of 1.41% and a return on equity of 6.62%. VSE’s quarterly revenue was up 57.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, equities analysts forecast that VSE Corporation will post 2.96 EPS for the current fiscal year.
VSE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, July 16th. VSE’s dividend payout ratio is currently 50.00%.
Insiders Place Their Bets
In related news, Director Anita D. Britt sold 2,869 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the sale, the director owned 3,837 shares in the company, valued at $496,431.06. This represents a 42.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.60% of the stock is currently owned by corporate insiders.
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.
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