J. Goldman & Co LP Makes New Investment in VSE Corporation $VSEC

J. Goldman & Co LP acquired a new position in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 13,298 shares of the construction company’s stock, valued at approximately $3,039,000.

Several other large investors have also modified their holdings of VSEC. Allworth Financial LP purchased a new position in shares of VSE in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its position in VSE by 145.7% in 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 last quarter. Global Retirement Partners LLC acquired a new position in VSE in the second quarter valued at $51,000. GAMMA Investing LLC boosted its stake in VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares in the last quarter. Finally, Persistent Asset Partners Ltd purchased a new position in shares of VSE during the second quarter worth about $90,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Trading Up 1.2%

NASDAQ:VSEC opened at $217.65 on Wednesday. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $215.62 and its 200-day simple moving average is $201.74. The firm has a market cap of $6.11 billion, a P/E ratio of 69.76, a PEG ratio of 1.03 and a beta of 1.23.

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

VSE Dividend Announcement

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

Insider Buying and Selling at VSE

In other news, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the sale, the chief executive officer owned 169,537 shares of the company’s stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction dated Friday, June 12th. The shares were 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 in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VSEC shares. Deutsche Bank Aktiengesellschaft lifted their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of VSE in a research report on Friday, August 7th. Zacks Research cut VSE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Morgan Stanley set a $230.00 price objective on VSE in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and an average target price of $252.22.

VSE 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.