Kendall Capital Management Has $8.80 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Kendall Capital Management cut its holdings in shares of VSE Co. (NASDAQ:VSEC) by 8.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,650 shares of the construction company’s stock after selling 9,000 shares during the period. VSE makes up approximately 2.9% of Kendall Capital Management’s investment portfolio, making the stock its 3rd largest holding. Kendall Capital Management owned 0.54% of VSE worth $8,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VSEC. Millrace Asset Group Inc. bought a new stake in shares of VSE during the fourth quarter worth $1,560,000. Russell Investments Group Ltd. increased its holdings in VSE by 11.9% during the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock worth $7,220,000 after purchasing an additional 9,608 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of VSE in the 1st quarter valued at about $3,566,000. Jennison Associates LLC lifted its holdings in shares of VSE by 13.2% in the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after purchasing an additional 65,495 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of VSE during the first quarter worth about $3,072,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VSEC has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Jefferies Financial Group started coverage on shares of VSE in a report on Wednesday, August 14th. They issued a “buy” rating and a $100.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Stifel Nicolaus assumed coverage on shares of VSE in a research note on Friday, June 28th. They issued a “buy” rating and a $101.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.83.

VSE Price Performance

Shares of VSEC opened at $88.38 on Thursday. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $87.54 and its 200 day simple moving average is $82.82. VSE Co. has a 1-year low of $48.47 and a 1-year high of $94.10. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 26.90 and a beta of 1.61.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $265.96 million for the quarter, compared to analyst estimates of $256.60 million. VSE had a return on equity of 7.87% and a net margin of 1.21%. On average, research analysts forecast that VSE Co. will post 3.06 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.40 annualized dividend and a yield of 0.45%.

Insider Activity

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.60% of the company’s stock.

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.