Park Avenue Securities LLC Boosts Holdings in VSE Co. (NASDAQ:VSEC)

Park Avenue Securities LLC increased its position in VSE Co. (NASDAQ:VSEC) by 32.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,060 shares of the construction company’s stock after purchasing an additional 1,242 shares during the quarter. Park Avenue Securities LLC’s holdings in VSE were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in VSE by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after purchasing an additional 15,323 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of VSE during the 2nd quarter valued at approximately $892,000. The Manufacturers Life Insurance Company boosted its stake in shares of VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock valued at $463,000 after buying an additional 320 shares during the last quarter. Ghisallo Capital Management LLC acquired a new stake in shares of VSE during the second quarter worth approximately $4,414,000. Finally, US Bancorp DE increased its stake 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 during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VSEC. Royal Bank of Canada raised their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. B. Riley lifted their price target on 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 report on Monday, December 9th. Truist Financial decreased their target price on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.83.

VSE Stock Up 1.2 %

Shares of VSEC stock opened at $106.96 on Friday. The business has a 50 day moving average of $105.52 and a two-hundred day moving average of $96.72. VSE Co. has a 52 week low of $57.70 and a 52 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.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, equities analysts predict that VSE Co. will post 2.95 earnings per share for the current fiscal year.

VSE Announces Dividend

The company 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 $0.10 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%.

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.