VSE Corporation $VSEC Stock Position Cut by Emerald Advisers LLC

Emerald Advisers LLC decreased its stake in shares of VSE Corporation (NASDAQ:VSEC) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,291 shares of the construction company’s stock after selling 3,493 shares during the period. VSE makes up 1.2% of Emerald Advisers LLC’s portfolio, making the stock its 24th biggest position. Emerald Advisers LLC owned about 1.08% of VSE worth $37,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of VSE during the second quarter valued at approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after purchasing an additional 470 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the period. AQR Capital Management LLC bought a new stake in shares of VSE in the 1st quarter worth $247,000. Finally, SG Americas Securities LLC raised its stake in shares of VSE by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after buying an additional 3,017 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Stock Up 3.1%

VSEC stock opened at $216.40 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41. The firm has a market capitalization of $4.99 billion, a P/E ratio of 318.24, a P/E/G ratio of 2.35 and a beta of 1.37. VSE Corporation has a 52-week low of $91.55 and a 52-week high of $216.96. The company’s 50 day simple moving average is $181.46 and its 200-day simple moving average is $166.98.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Monday, October 27th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.15. VSE had a net margin of 1.23% and a return on equity of 7.64%. The firm had revenue of $282.91 million for the quarter, compared to analysts’ expectations of $276.48 million. VSE’s revenue was up 38.9% on a year-over-year basis. As a group, equities research analysts anticipate that VSE Corporation will post 2.96 EPS for the current year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. VSE’s dividend payout ratio is currently 58.82%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VSEC. Wolfe Research initiated coverage on VSE in a research note on Monday, September 29th. They set an “outperform” rating and a $190.00 target price for the company. Truist Financial set a $222.00 price objective on shares of VSE in a research report on Friday, January 9th. Citigroup lifted their price objective on shares of VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. B. Riley increased their target price on shares of VSE from $185.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of VSE in a research report on Friday, October 17th. They issued a “buy” rating and a $195.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.29.

VSE Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.