AltraVue Capital LLC Buys 50,000 Shares of VSE Co. (NASDAQ:VSEC)

AltraVue Capital LLC raised its holdings in shares of VSE Co. (NASDAQ:VSEC) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 617,648 shares of the construction company’s stock after purchasing an additional 50,000 shares during the period. VSE comprises about 4.9% of AltraVue Capital LLC’s portfolio, making the stock its 7th largest holding. AltraVue Capital LLC owned approximately 3.03% of VSE worth $58,738,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of VSE during the fourth quarter worth about $47,000. Sanctuary Advisors LLC acquired a new position in VSE during the 3rd quarter valued at about $155,000. KFA Private Wealth Group LLC bought a new position in VSE in the 4th quarter worth about $209,000. M&T Bank Corp acquired a new stake in shares of VSE in the fourth quarter valued at approximately $239,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after buying an additional 134 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VSEC shares. StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday, March 6th. Truist Financial upped their price objective on shares of VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada raised their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

VSE Stock Up 2.9 %

VSE stock opened at $119.99 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a fifty day moving average price of $109.63 and a two-hundred day moving average price of $104.24. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 144.57 and a beta of 1.62. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. As a group, analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Thursday, May 1st. VSE’s dividend payout ratio (DPR) is 48.19%.

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.