VSE Co. (NASDAQ:VSEC) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in VSE Co. (NASDAQ:VSEC) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,706 shares of the construction company’s stock after purchasing an additional 1,650 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of VSE worth $1,916,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Wisconsin Capital Management LLC raised its stake in shares of VSE by 27.3% in the 2nd quarter. Wisconsin Capital Management LLC now owns 50,650 shares of the construction company’s stock valued at $4,471,000 after purchasing an additional 10,850 shares in the last quarter. Lisanti Capital Growth LLC raised its stake in shares of VSE by 14.3% in the 2nd quarter. Lisanti Capital Growth LLC now owns 50,940 shares of the construction company’s stock valued at $4,497,000 after purchasing an additional 6,370 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of VSE in the 2nd quarter valued at about $42,000. K.J. Harrison & Partners Inc acquired a new stake in shares of VSE in the 2nd quarter valued at about $2,145,000. Finally, Legato Capital Management LLC raised its stake in VSE by 660.8% during the second quarter. Legato Capital Management LLC now owns 48,310 shares of the construction company’s stock worth $4,265,000 after acquiring an additional 41,960 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Down 2.0 %

Shares of NASDAQ:VSEC opened at $87.34 on Friday. VSE Co. has a 52 week low of $48.47 and a 52 week high of $94.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53. The company has a market cap of $1.40 billion, a PE ratio of 26.94 and a beta of 1.61. The firm has a 50 day simple moving average of $87.50 and a 200 day simple moving average of $82.95.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). VSE had a return on equity of 7.87% and a net margin of 1.21%. The company had revenue of $265.96 million during the quarter, compared to analysts’ expectations of $256.60 million. As a group, research analysts expect that VSE Co. will post 3.06 earnings per share for the current year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%.

Insiders Place Their Bets

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 14.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on VSEC. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Stifel Nicolaus started coverage on shares of VSE in a research note on Friday, June 28th. They set a “buy” rating and a $101.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of VSE in a research report on Thursday, August 1st. Truist Financial increased their price objective on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group initiated coverage on shares of VSE in a report on Wednesday, August 14th. They set a “buy” rating and a $100.00 target price for the company. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.83.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.