Charles Schwab Investment Management Inc. Increases Position in VSE Co. (NASDAQ:VSEC)

Charles Schwab Investment Management Inc. grew its stake in shares of VSE Co. (NASDAQ:VSEC) by 14.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,310 shares of the construction company’s stock after acquiring an additional 20,114 shares during the period. Charles Schwab Investment Management Inc. owned about 0.80% of VSE worth $13,511,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of VSE in the second quarter valued at $42,000. US Bancorp DE lifted its holdings in shares of VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after buying an additional 2,384 shares in the last quarter. Archer Investment Corp bought a new position in shares of VSE in the second quarter valued at approximately $247,000. Park Avenue Securities LLC increased its holdings in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after acquiring an additional 464 shares during the period. Finally, Intech Investment Management LLC bought a new stake in VSE during the 3rd quarter worth approximately $394,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Trading Up 3.6 %

Shares of VSEC opened at $118.63 on Monday. The stock has a market capitalization of $2.42 billion, a P/E ratio of 36.50 and a beta of 1.57. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $105.46 and a two-hundred day simple moving average of $92.79.

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

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. B. Riley raised their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.50.

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.