Capital Research Global Investors Purchases 258,674 Shares of VSE Co. (NASDAQ:VSEC)

Capital Research Global Investors grew its position in VSE Co. (NASDAQ:VSEC) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,794,069 shares of the construction company’s stock after purchasing an additional 258,674 shares during the period. Capital Research Global Investors owned about 8.79% of VSE worth $170,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Lord Abbett & CO. LLC raised its holdings in VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after buying an additional 44,662 shares during the period. Geode Capital Management LLC raised its holdings in shares of VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after acquiring an additional 42,637 shares during the period. Barclays PLC lifted its position in VSE by 711.2% in the 3rd quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after acquiring an additional 35,744 shares in the last quarter. State Street Corp boosted its stake in VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after purchasing an additional 15,931 shares during the period. Finally, SG Americas Securities LLC bought a new position in VSE during the 4th quarter worth about $493,000. 91.54% of the stock is owned by institutional investors.

VSE Price Performance

NASDAQ:VSEC opened at $108.19 on Monday. The stock has a market capitalization of $2.24 billion, a PE ratio of 130.35 and a beta of 1.32. VSE Co. has a 1-year low of $73.36 and a 1-year high of $128.72. The firm has a fifty day simple moving average of $112.15 and a 200 day simple moving average of $107.16. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. On average, research analysts expect that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.37%. VSE’s payout ratio is 48.19%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com raised VSE to a “sell” rating in a research report on Thursday, March 6th. Truist Financial lowered their price objective on shares of VSE from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.00.

About VSE

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.