Intech Investment Management LLC Invests $394,000 in VSE Co. (NASDAQ:VSEC)

Intech Investment Management LLC bought a new stake in shares of VSE Co. (NASDAQ:VSEC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,761 shares of the construction company’s stock, valued at approximately $394,000.

Several other large investors have also added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in shares of VSE by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after buying an additional 29,811 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of VSE by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after buying an additional 15,323 shares during the period. Vanguard Group Inc. raised its position in shares of VSE by 1.7% during the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock worth $57,974,000 after purchasing an additional 12,407 shares during the period. AltraVue Capital LLC acquired a new position in VSE during the second quarter worth $48,343,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of VSE in the second quarter valued at $10,326,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VSEC. Truist Financial raised their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. B. Riley increased their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada increased their price target on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, VSE currently has an average rating of “Moderate Buy” and an average target price of $116.83.

VSE Price Performance

Shares of NASDAQ VSEC opened at $114.93 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The stock has a market cap of $2.35 billion, a PE ratio of 35.94 and a beta of 1.57. The stock has a fifty day moving average of $103.43 and a 200-day moving average of $91.99.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same quarter last year, the company earned $0.92 earnings per share. Equities research analysts anticipate that VSE Co. will post 2.9 earnings per share for the current year.

VSE Company Profile

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.