M&T Bank Corp Sells 554 Shares of VSE Corporation (NASDAQ:VSEC)

M&T Bank Corp lessened its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 22.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,960 shares of the construction company’s stock after selling 554 shares during the quarter. M&T Bank Corp’s holdings in VSE were worth $235,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Truist Financial lifted their price target on VSE from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. B. Riley lifted their price target on VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada lifted their price target on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.00.

Insiders Place Their Bets

In related news, Director Anita D. Britt sold 2,869 shares of the company’s stock in a transaction on 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 directly owned 3,837 shares of the company’s stock, valued at $496,431.06. This represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.60% of the stock is currently owned by insiders.

VSE Price Performance

VSEC opened at $131.40 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.12 and a current ratio of 3.90. VSE Corporation has a 52-week low of $73.36 and a 52-week high of $140.64. The stock has a market capitalization of $2.72 billion, a PE ratio of 164.25 and a beta of 1.26. The stock’s 50 day moving average price is $131.33 and its 200-day moving average price is $116.80.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.23. VSE had a return on equity of 6.62% and a net margin of 1.41%. The firm had revenue of $256.05 million for the quarter, compared to analysts’ expectations of $248.20 million. During the same period in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 57.6% compared to the same quarter last year. On average, equities research analysts predict that VSE Corporation will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company 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 $0.10 dividend. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 annualized dividend and a yield of 0.30%. VSE’s payout ratio is 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.