VSE Co. (NASDAQ:VSEC) Shares Bought by Diametric Capital LP

Diametric Capital LP lifted its stake in shares of VSE Co. (NASDAQ:VSEC) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,892 shares of the construction company’s stock after purchasing an additional 627 shares during the period. Diametric Capital LP’s holdings in VSE were worth $465,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock valued at $101,904,000 after purchasing an additional 182,465 shares during the last quarter. Jennison Associates LLC increased its position in VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock valued at $88,311,000 after acquiring an additional 104,868 shares during the period. AltraVue Capital LLC increased its holdings in shares of VSE by 8.8% during the fourth quarter. AltraVue Capital LLC now owns 617,648 shares of the construction company’s stock valued at $58,738,000 after purchasing an additional 50,000 shares during the period. Geode Capital Management LLC raised its position in shares of VSE by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after buying an additional 42,637 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of VSE by 7.6% during the fourth quarter. Franklin Resources Inc. now owns 349,957 shares of the construction company’s stock valued at $33,281,000 after acquiring an additional 24,836 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Performance

Shares of NASDAQ VSEC opened at $119.99 on Tuesday. VSE Co. has a 52-week low of $73.36 and a 52-week high of $128.72. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 144.57 and a beta of 1.62. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $109.63 and its 200 day simple moving average is $104.24.

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

VSE Dividend Announcement

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

Analyst Ratings Changes

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

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.