PNC Financial Services Group Inc. Has $925,000 Stock Holdings in VSE Corporation (NASDAQ:VSEC)

PNC Financial Services Group Inc. grew its position in VSE Corporation (NASDAQ:VSEC) by 3.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,711 shares of the construction company’s stock after purchasing an additional 267 shares during the period. PNC Financial Services Group Inc.’s holdings in VSE were worth $925,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VSEC. LPL Financial LLC lifted its position in VSE by 13.8% during the 4th quarter. LPL Financial LLC now owns 3,223 shares of the construction company’s stock worth $307,000 after buying an additional 391 shares in the last quarter. JPMorgan Chase & Co. lifted its position in VSE by 904.9% during the 4th quarter. JPMorgan Chase & Co. now owns 70,557 shares of the construction company’s stock worth $6,710,000 after buying an additional 63,536 shares in the last quarter. Geode Capital Management LLC lifted its position in VSE by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 418,638 shares of the construction company’s stock worth $39,821,000 after buying an additional 35,919 shares in the last quarter. Wells Fargo & Company MN lifted its position in VSE by 47.4% during the 4th quarter. Wells Fargo & Company MN now owns 12,982 shares of the construction company’s stock worth $1,235,000 after buying an additional 4,176 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in VSE during the 4th quarter worth about $1,340,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Performance

Shares of NASDAQ:VSEC opened at $153.64 on Tuesday. The stock has a market capitalization of $3.18 billion, a P/E ratio of 137.18 and a beta of 1.33. VSE Corporation has a 1-year low of $80.60 and a 1-year high of $161.60. The company has a current ratio of 3.73, a quick ratio of 1.44 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $136.16 and a two-hundred day moving average price of $122.35.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, July 30th. The construction company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.28. The firm had revenue of $272.14 million during the quarter, compared to analysts’ expectations of $267.39 million. VSE had a return on equity of 7.25% and a net margin of 1.94%. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. Equities analysts predict that VSE Corporation will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. VSE’s dividend payout ratio is 35.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on VSEC. Truist Financial upped 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. Royal Bank Of Canada boosted their price objective on VSE from $150.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, B. Riley boosted their price objective on VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.00.

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.