VSE Co. (NASDAQ:VSEC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in VSE Co. (NASDAQ:VSEC) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,021 shares of the construction company’s stock after purchasing an additional 1,058 shares during the period. JPMorgan Chase & Co.’s holdings in VSE were worth $581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of VSE in the 3rd quarter valued at $155,000. US Bancorp DE grew its holdings in shares of VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after purchasing an additional 134 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after purchasing an additional 464 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of VSE in the 3rd quarter valued at about $394,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Down 5.5 %

Shares of VSE stock opened at $100.25 on Tuesday. VSE Co. has a 52-week low of $59.18 and a 52-week high of $123.92. The company’s 50-day simple moving average is $105.06 and its 200-day simple moving average is $97.05. 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 (NASDAQ:VSEC) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $270.88 million. During the same period in the prior year, the business posted $0.92 EPS. Analysts predict that VSE Co. will post 2.95 earnings per share for the current year.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be given a dividend of $0.10 per share. 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%.

Wall Street Analyst Weigh In

VSEC has been the subject of a number of research reports. Truist Financial reduced their price objective on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada increased their price target on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. StockNews.com raised shares of VSE to a “sell” rating in a research report on Tuesday. B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.83.

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.