Bank of New York Mellon Corp Purchases 2,429 Shares of VSE Co. (NASDAQ:VSEC)

Bank of New York Mellon Corp boosted its position in shares of VSE Co. (NASDAQ:VSEC) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,972 shares of the construction company’s stock after purchasing an additional 2,429 shares during the period. Bank of New York Mellon Corp owned about 0.40% of VSE worth $7,700,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in shares of VSE in the 3rd quarter valued at about $155,000. KFA Private Wealth Group LLC bought a new position in shares of VSE in the 4th quarter valued at about $209,000. BNP Paribas Financial Markets grew its holdings in shares of VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after acquiring an additional 134 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of VSE in the 3rd quarter valued at about $394,000. Finally, Park Avenue Securities LLC grew its holdings in shares of VSE by 32.5% in the 4th quarter. Park Avenue Securities LLC now owns 5,060 shares of the construction company’s stock valued at $481,000 after acquiring an additional 1,242 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Trading Up 1.1 %

Shares of NASDAQ:VSEC opened at $113.89 on Friday. VSE Co. has a 52-week low of $73.36 and a 52-week high of $123.97. The company has a market capitalization of $2.35 billion, a P/E ratio of 137.22 and a beta of 1.62. The company has a 50-day simple moving average of $104.24 and a 200 day simple moving average of $101.56. 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 issued its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. The business had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Sell-side analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.35%. VSE’s dividend payout ratio (DPR) is presently 48.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VSEC shares. Royal Bank of Canada raised their price objective on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Truist Financial raised their price objective on VSE from $129.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. Finally, StockNews.com upgraded VSE to a “sell” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

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.