VSE Co. (NASDAQ:VSEC) Holdings Boosted by Sei Investments Co.

Sei Investments Co. grew its holdings in VSE Co. (NASDAQ:VSEC) by 233.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,048 shares of the construction company’s stock after purchasing an additional 17,541 shares during the period. Sei Investments Co. owned approximately 0.12% of VSE worth $2,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new stake in VSE in the 4th quarter worth about $24,018,000. Franklin Resources Inc. lifted its position in shares of VSE by 121.6% in the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after purchasing an additional 178,435 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after purchasing an additional 104,868 shares during the period. New York State Common Retirement Fund grew its position in VSE by 178.3% during the fourth quarter. New York State Common Retirement Fund now owns 128,876 shares of the construction company’s stock valued at $12,256,000 after purchasing an additional 82,576 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in VSE by 24.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock valued at $18,544,000 after buying an additional 44,662 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VSEC shares. Truist Financial lifted their target price on shares of VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Royal Bank of Canada boosted their target price on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, StockNews.com raised VSE to a “sell” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.67.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $105.93 on Friday. The stock has a market capitalization of $2.19 billion, a P/E ratio of 127.63 and a beta of 1.62. The business has a 50-day moving average of $110.53 and a two-hundred day moving average of $104.83. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

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

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, May 1st. VSE’s dividend payout ratio is currently 48.19%.

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.