Kendall Capital Management Purchases Shares of 32,190 VSE Corporation $VSEC

Kendall Capital Management purchased a new stake in VSE Corporation (NASDAQ:VSEC) during the 2nd quarter, Holdings Channel reports. The fund purchased 32,190 shares of the construction company’s stock, valued at approximately $7,355,000. VSE accounts for approximately 1.2% of Kendall Capital Management’s investment portfolio, making the stock its 17th biggest holding.

Several other large investors have also modified their holdings of the business. Emerald Advisers LLC increased its stake in shares of VSE by 12.6% during the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock worth $58,047,000 after purchasing an additional 35,246 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in VSE by 16.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after buying an additional 27,563 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in VSE during the 1st quarter valued at $1,276,000. Chase Investment Counsel Corp acquired a new stake in VSE during the 2nd quarter valued at $4,527,000. Finally, Emerald Investment Advisers LLC purchased a new position in VSE during the second quarter worth $5,474,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on VSEC shares. B. Riley Financial reissued a “buy” rating on shares of VSE in a report on Friday, August 7th. Zacks Research lowered VSE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Royal Bank Of Canada increased their price objective on VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Stifel Nicolaus lifted their price objective on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $252.22.

Insiders Place Their Bets

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the transaction, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John A. Cuomo sold 17,500 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the transaction, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is owned by insiders.

VSE Stock Up 1.4%

Shares of NASDAQ VSEC opened at $217.58 on Friday. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The firm’s 50 day moving average price is $214.92 and its 200 day moving average price is $201.36. The firm has a market cap of $6.11 billion, a P/E ratio of 69.74, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.93 by $0.82. The firm had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. VSE’s revenue for the quarter was up 65.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 EPS. As a group, sell-side analysts anticipate that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s dividend payout ratio (DPR) is 12.82%.

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.