VSE Corporation (NASDAQ:VSEC) Short Interest Update

VSE Corporation (NASDAQ:VSEC) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,006,688 shares, a growth of 26.5% from the December 31st total of 1,585,813 shares. Based on an average trading volume of 354,268 shares, the days-to-cover ratio is presently 5.7 days. Currently, 8.9% of the company’s shares are short sold. Currently, 8.9% of the company’s shares are short sold. Based on an average trading volume of 354,268 shares, the days-to-cover ratio is presently 5.7 days.

VSE Price Performance

VSEC opened at $195.05 on Wednesday. VSE has a twelve month low of $91.55 and a twelve month high of $225.00. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 286.84, a PEG ratio of 2.10 and a beta of 1.35. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $188.28 and a 200 day simple moving average of $172.28.

VSE Dividend Announcement

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

Hedge Funds Weigh In On VSE

Several institutional investors and hedge funds have recently made changes to their positions in VSEC. Royal Bank of Canada raised its holdings in VSE by 34.2% in the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock valued at $1,576,000 after acquiring an additional 3,350 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of VSE in the 1st quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of VSE by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after purchasing an additional 470 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in VSE by 56.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock worth $6,050,000 after purchasing an additional 18,220 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on VSEC. Royal Bank Of Canada lifted their price objective on VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus raised their price target on shares of VSE from $209.00 to $250.00 and gave the company a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of VSE in a research report on Friday, October 17th. They set a “buy” rating and a $195.00 price target on the stock. Truist Financial set a $222.00 price objective on shares of VSE in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $221.14.

About VSE

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.