VSE Co. (NASDAQ:VSEC) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in shares of VSE Co. (NASDAQ:VSEC) by 73.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,957 shares of the construction company’s stock after selling 22,375 shares during the period. Sei Investments Co.’s holdings in VSE were worth $702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors purchased a new stake in shares of VSE during the first quarter worth about $81,623,000. AltraVue Capital LLC acquired a new position in VSE during the 2nd quarter valued at approximately $48,343,000. Allspring Global Investments Holdings LLC acquired a new position in VSE during the 2nd quarter valued at approximately $10,326,000. Hennessy Advisors Inc. acquired a new stake in shares of VSE during the second quarter worth $9,388,000. Finally, Jennison Associates LLC grew its holdings in shares of VSE by 13.2% during the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after buying an additional 65,495 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VSEC. Jefferies Financial Group assumed coverage on VSE in a research note on Wednesday, August 14th. They issued a “buy” rating and a $100.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of VSE in a report on Friday, August 2nd. Truist Financial increased their price target on shares of VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. 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 for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.83.

VSE Stock Up 1.5 %

Shares of VSEC stock opened at $86.11 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. VSE Co. has a twelve month low of $52.01 and a twelve month high of $94.10. The stock has a 50 day moving average of $85.97 and a 200 day moving average of $83.63.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The firm had revenue of $265.96 million for the quarter, compared to analysts’ expectations of $256.60 million. On average, equities research analysts expect that VSE Co. will post 3.02 EPS for the current fiscal year.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Wednesday, November 6th.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.60% of the company’s stock.

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.