VSE Corporation (NASDAQ:VSEC) Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,723 shares of the construction company’s stock after selling 249 shares during the period. Bank of New York Mellon Corp owned about 0.39% of VSE worth $9,686,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its stake in shares of VSE by 857.1% during the 4th quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock valued at $45,000 after buying an additional 420 shares during the period. Quantbot Technologies LP bought a new position in shares of VSE during the 4th quarter valued at $47,000. Amalgamated Bank raised its holdings in shares of VSE by 36.5% during the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company’s stock valued at $73,000 after purchasing an additional 163 shares in the last quarter. KBC Group NV bought a new position in shares of VSE during the 1st quarter valued at $99,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of VSE by 21.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after purchasing an additional 258 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Truist Financial raised their price target on shares of VSE from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, B. Riley raised their price target on shares of VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.00.

VSE Trading Down 0.9%

VSEC opened at $130.27 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.90 and a quick ratio of 2.12. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 43.37 and a beta of 1.26. The firm has a 50 day simple moving average of $131.33 and a 200 day simple moving average of $117.11. VSE Corporation has a fifty-two week low of $73.36 and a fifty-two week high of $140.64.

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

VSE Dividend Announcement

The business also recently disclosed 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. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Wednesday, July 16th. VSE’s dividend payout ratio is 50.00%.

Insider Activity

In other 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is 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.