Geode Capital Management LLC Boosts Stock Position in VSE Co. (NASDAQ:VSEC)

Geode Capital Management LLC increased its holdings in VSE Co. (NASDAQ:VSEC) by 12.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 382,719 shares of the construction company’s stock after purchasing an additional 42,637 shares during the period. Geode Capital Management LLC owned approximately 1.88% of VSE worth $31,669,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Innealta Capital LLC bought a new position in shares of VSE in the second quarter worth approximately $42,000. US Bancorp DE grew its position in shares of VSE by 1,180.2% in the 3rd 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 during the period. Archer Investment Corp bought a new position in shares of VSE during the second quarter valued at approximately $247,000. BNP Paribas Financial Markets increased its position in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after buying an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

VSE Price Performance

VSEC stock opened at $98.39 on Thursday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.91 and a beta of 1.57. 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 company has a fifty day simple moving average of $110.23 and a two-hundred day simple moving average of $95.05. VSE Co. has a 52 week low of $57.10 and a 52 week high of $123.92.

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

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. VSE’s payout ratio is 8.91%.

VSE 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.