VSE Co. (NASDAQ:VSEC) Sees Significant Growth in Short Interest

VSE Co. (NASDAQ:VSEC) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,390,000 shares, a growth of 20.9% from the September 30th total of 1,150,000 shares. Based on an average trading volume of 178,300 shares, the days-to-cover ratio is presently 7.8 days.

Wall Street Analysts Forecast Growth

VSEC has been the topic of a number of research reports. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Truist Financial upped their target price on shares of VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $107.83.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total value of $836,070.00. Following the sale, the insider now directly owns 492,284 shares in the company, valued at $44,256,331.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On VSE

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in VSE in the second quarter worth $42,000. US Bancorp DE lifted its position in VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after buying an additional 2,384 shares in the last quarter. Park Avenue Securities LLC bought a new stake in VSE during the 1st quarter worth about $221,000. Archer Investment Corp acquired a new stake in VSE in the 2nd quarter valued at about $247,000. Finally, Precision Wealth Strategies LLC bought a new position in shares of VSE in the first quarter worth about $280,000. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Stock Up 1.7 %

VSEC opened at $106.53 on Wednesday. VSE has a twelve month low of $52.16 and a twelve month high of $106.65. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 23.31 and a beta of 1.60. The firm’s 50-day simple moving average is $90.17 and its 200-day simple moving average is $85.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.17 and a current ratio of 3.53.

VSE (NASDAQ:VSEC) last posted 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%. Equities research analysts anticipate that VSE will post 3.03 EPS for the current fiscal year.

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.