Russell Investments Group Ltd. Has $963,000 Stock Holdings in VSE Corporation $VSEC

Russell Investments Group Ltd. lessened its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 68.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,029 shares of the construction company’s stock after selling 17,541 shares during the period. Russell Investments Group Ltd.’s holdings in VSE were worth $963,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in VSE by 36.5% in the 1st quarter. Amalgamated Bank now owns 610 shares of the construction company’s stock valued at $73,000 after acquiring an additional 163 shares in the last quarter. KBC Group NV acquired a new position in VSE in the 1st quarter valued at approximately $99,000. Tower Research Capital LLC TRC raised its holdings in VSE by 21.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after acquiring an additional 258 shares in the last quarter. Cetera Investment Advisers acquired a new position in VSE in the 1st quarter valued at approximately $202,000. Finally, HighTower Advisors LLC acquired a new position in VSE in the 1st quarter valued at approximately $268,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on VSEC shares. B. Riley upped 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. Royal Bank Of Canada upped their price target on VSE from $150.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Truist Financial upped their price target on VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $145.00.

VSE Trading Up 0.4%

Shares of VSEC opened at $162.40 on Friday. VSE Corporation has a 1 year low of $80.60 and a 1 year high of $169.00. 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 stock has a 50 day simple moving average of $144.26 and a 200-day simple moving average of $127.87. The stock has a market cap of $3.36 billion, a PE ratio of 145.00 and a beta of 1.33.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, July 30th. The construction company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.28. The business 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%.VSE’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. VSE has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that VSE Corporation will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s dividend payout ratio is 35.71%.

VSE 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.