57,611 Shares in VSE Corporation $VSEC Acquired by Wellington Management Group LLP

Wellington Management Group LLP purchased a new position in shares of VSE Corporation (NASDAQ:VSEC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 57,611 shares of the construction company’s stock, valued at approximately $13,164,000.

A number of other hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of VSE by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after buying an additional 32,489 shares during the last quarter. Emerald Advisers LLC boosted its holdings in VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after acquiring an additional 35,246 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in VSE by 11.1% in the fourth quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after acquiring an additional 27,448 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in VSE by 16.4% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after acquiring an additional 27,563 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in VSE during the second quarter valued at about $44,103,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Transactions at VSE

In other VSE news, CEO John A. Cuomo sold 17,500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $41,111,027.13. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares in the company, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.80% of the company’s stock.

VSE Price Performance

Shares of NASDAQ VSEC opened at $203.91 on Tuesday. VSE Corporation has a 1-year low of $154.67 and a 1-year high of $247.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30. The business’s fifty day moving average price is $213.95 and its two-hundred day moving average price is $202.06. The firm has a market capitalization of $5.72 billion, a PE ratio of 65.36, a P/E/G ratio of 0.83 and a beta of 1.24.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.82. The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, research analysts expect that VSE Corporation will post 6.77 EPS for the current year.

VSE Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on VSEC. Weiss Ratings upgraded VSE from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, July 20th. Royal Bank Of Canada upped their price target on VSE from $240.00 to $265.00 and gave the company an “outperform” rating 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. Stifel Nicolaus lifted their price objective on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Citigroup increased their target price on shares of VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, VSE presently has an average rating of “Moderate Buy” and a consensus 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.