US Bancorp DE Has $214,000 Stock Holdings in VSE Co. (NASDAQ:VSEC)

US Bancorp DE increased its stake in shares of VSE Co. (NASDAQ:VSEC) by 1,180.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,586 shares of the construction company’s stock after buying an additional 2,384 shares during the period. US Bancorp DE’s holdings in VSE were worth $214,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its position in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after purchasing an additional 464 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in VSE in the 2nd quarter worth approximately $4,414,000. The Manufacturers Life Insurance Company lifted its holdings in VSE by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after buying an additional 320 shares in the last quarter. Squarepoint Ops LLC bought a new position in VSE in the 2nd quarter valued at $892,000. Finally, AltraVue Capital LLC acquired a new stake in shares of VSE in the 2nd quarter valued at $48,343,000. Institutional investors own 91.54% of the company’s stock.

VSE Stock Down 3.2 %

Shares of NASDAQ VSEC opened at $117.44 on Friday. The firm has a 50 day moving average price of $95.61 and a 200 day moving average price of $88.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The stock has a market cap of $2.40 billion, a P/E ratio of 37.28 and a beta of 1.56. VSE Co. has a 52-week low of $57.10 and a 52-week high of $123.92.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter in the prior year, the company earned $0.92 EPS. Analysts expect that VSE Co. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial upped their price target on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, November 7th. Jefferies Financial Group increased their price objective on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lifted their target price on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, VSE presently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

Insiders Place Their Bets

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 value of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.60% of the company’s stock.

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.