Barclays PLC Purchases 35,744 Shares of VSE Co. (NASDAQ:VSEC)

Barclays PLC increased its stake in VSE Co. (NASDAQ:VSEC) by 711.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 40,770 shares of the construction company’s stock after buying an additional 35,744 shares during the quarter. Barclays PLC owned 0.20% of VSE worth $3,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jennison Associates LLC grew its stake 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 acquiring an additional 29,811 shares during the period. Dimensional Fund Advisors LP grew its position in VSE by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock worth $72,634,000 after buying an additional 15,323 shares in the last quarter. AltraVue Capital LLC purchased a new position in shares of VSE during the second quarter worth about $48,343,000. State Street Corp increased its holdings in shares of VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after buying an additional 15,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 20,114 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VSEC has been the subject of a number of research reports. 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. Royal Bank of Canada boosted their target price on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. B. Riley increased their price target on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research report on Monday, December 9th. Finally, Truist Financial boosted their price target on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.50.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $98.27 on Tuesday. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 21.89 and a beta of 1.57. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The business has a 50-day simple moving average of $110.21 and a two-hundred day simple moving average of $94.91.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 1.36% and a return on equity of 7.26%. During the same quarter last year, the business earned $0.92 EPS. On average, analysts expect that VSE Co. will post 2.92 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be paid a $0.10 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 annualized dividend and a yield of 0.41%. VSE’s payout ratio is 8.91%.

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.