19,815 Shares in VSE Corporation $VSEC Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp acquired a new stake in VSE Corporation (NASDAQ:VSEC) during the second quarter, according to its most recent filing with the SEC. The firm acquired 19,815 shares of the construction company’s stock, valued at approximately $4,527,000. Chase Investment Counsel Corp owned about 0.07% of VSE at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after buying an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of VSE in the second quarter valued at about $51,000. Farther Finance Advisors LLC increased its stake in shares of VSE by 17.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of VSE by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after acquiring an additional 470 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

VSEC has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Royal Bank Of Canada boosted their target price on VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup increased their target price on VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley Financial reissued a “buy” rating on shares of VSE in a report on Friday, August 7th. Finally, Weiss Ratings upgraded VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.22.

Insider Buying and Selling at VSE

In related news, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

VSE Price Performance

Shares of NASDAQ VSEC opened at $241.82 on Monday. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 77.51, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The firm has a 50-day moving average price of $210.35 and a 200 day moving average price of $200.75. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last issued its 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 net margin of 6.17% and a return on equity of 6.71%. The company had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 65.0% compared to the same quarter last year. Equities research analysts anticipate that VSE Corporation will post 5 EPS for the current fiscal year.

VSE Announces Dividend

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

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.