State Street Corp Acquires 15,931 Shares of VSE Co. (NASDAQ:VSEC)

State Street Corp increased its holdings in VSE Co. (NASDAQ:VSEC) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 323,830 shares of the construction company’s stock after buying an additional 15,931 shares during the quarter. State Street Corp owned about 1.59% of VSE worth $26,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in shares of VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after acquiring an additional 20,114 shares during the period. Intech Investment Management LLC bought a new stake in VSE in the 3rd quarter worth approximately $394,000. Wisconsin Capital Management LLC raised its stake in VSE by 14.9% during the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after buying an additional 7,522 shares during the last quarter. Jennison Associates LLC lifted 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 valued at $68,149,000 after buying an additional 29,811 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of VSE by 43.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,557 shares of the construction company’s stock worth $625,000 after buying an additional 2,307 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Price Performance

NASDAQ VSEC opened at $99.48 on Monday. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE Co. has a 12 month low of $57.10 and a 12 month high of $123.92. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 22.16 and a beta of 1.57. The company’s 50 day moving average is $110.08 and its two-hundred day moving average is $94.80.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period last year, the firm earned $0.92 EPS. As a group, research analysts anticipate that VSE Co. will post 2.92 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. VSE’s payout ratio is 8.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VSEC shares. B. Riley upped their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of VSE to a “sell” rating in a research report on Monday, December 9th. Truist Financial raised their price objective on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada upped their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, Jefferies Financial Group boosted their price objective on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.50.

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.