VSE Corporation $VSEC Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its stake in VSE Corporation (NASDAQ:VSEC) by 16.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,915 shares of the construction company’s stock after purchasing an additional 27,563 shares during the period. VSE makes up approximately 1.8% of Emerald Mutual Fund Advisers Trust’s holdings, making the stock its 7th biggest position. Emerald Mutual Fund Advisers Trust’s holdings in VSE were worth $36,127,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Advisers LLC raised its position in shares of VSE by 12.6% during the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after buying an additional 35,246 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of VSE in the first quarter valued at about $1,276,000. New York State Common Retirement Fund grew its position in VSE by 11.1% during the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock worth $47,488,000 after buying an additional 27,448 shares in the last quarter. Ellevest Inc. acquired a new stake in VSE during the fourth quarter worth about $323,000. Finally, EverSource Wealth Advisors LLC increased its stake in VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after acquiring an additional 153 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Down 2.9%

Shares of VSEC opened at $205.25 on Tuesday. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 86.60, a P/E/G ratio of 2.36 and a beta of 1.21. The company has a quick ratio of 6.24, a current ratio of 8.78 and a debt-to-equity ratio of 0.12. VSE Corporation has a 12 month low of $125.00 and a 12 month high of $240.56. The company has a 50-day moving average price of $195.91 and a two-hundred day moving average price of $198.68.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Tuesday, May 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.24. VSE had a return on equity of 6.56% and a net margin of 4.95%.The company had revenue of $324.58 million during the quarter, compared to analysts’ expectations of $309.19 million. During the same period last year, the business earned $0.78 earnings per share. The business’s revenue was up 26.8% on a year-over-year basis. Equities analysts predict that VSE Corporation will post 4.3 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, July 15th. VSE’s dividend payout ratio is currently 16.88%.

Analysts Set New Price Targets

VSEC has been the subject of several recent research reports. Zacks Research raised VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Truist Financial upgraded VSE to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $268.00 target price on shares of VSE in a research note on Thursday, May 7th. Weiss Ratings cut VSE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Finally, Citigroup reiterated a “buy” rating on shares of VSE in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $241.44.

Insider Buying and Selling at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This trade represents a 13.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

VSE Company 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.