Quantbot Technologies LP Invests $47,000 in VSE Co. (NASDAQ:VSEC)

Quantbot Technologies LP purchased a new stake in shares of VSE Co. (NASDAQ:VSEC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 499 shares of the construction company’s stock, valued at approximately $47,000.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake 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 valued at $274,000 after acquiring an additional 134 shares during the last quarter. US Bancorp DE increased its holdings in VSE by 16.8% during the 4th quarter. US Bancorp DE now owns 3,021 shares of the construction company’s stock valued at $287,000 after purchasing an additional 435 shares during the period. Swiss National Bank raised its position in VSE by 1.6% during the 4th quarter. Swiss National Bank now owns 32,678 shares of the construction company’s stock valued at $3,108,000 after purchasing an additional 500 shares during the last quarter. Keybank National Association OH lifted its holdings in VSE by 9.4% in the 4th quarter. Keybank National Association OH now owns 6,099 shares of the construction company’s stock worth $580,000 after buying an additional 525 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of VSE by 17.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock worth $581,000 after buying an additional 1,058 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Price Performance

VSEC opened at $121.83 on Wednesday. VSE Co. has a 12-month low of $73.36 and a 12-month high of $128.72. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 146.78 and a beta of 1.62. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $109.97 and a two-hundred day simple moving average of $104.48.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. Research analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued 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 dividend yield of 0.33%. VSE’s payout ratio is 48.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VSEC shares. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday, March 6th. Royal Bank of Canada upped 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. Finally, Truist Financial raised their target price on shares of VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.67.

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.