VSE Co. (NASDAQ:VSEC) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in shares of VSE Co. (NASDAQ:VSEC) by 30.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,401 shares of the construction company’s stock after buying an additional 3,601 shares during the quarter. Victory Capital Management Inc. owned 0.08% of VSE worth $1,274,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of VSE during the second quarter worth $42,000. US Bancorp DE increased its holdings 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 purchasing an additional 2,384 shares during the period. Archer Investment Corp acquired a new stake in VSE in the 2nd quarter valued at about $247,000. Park Avenue Securities LLC boosted its stake in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after buying an additional 464 shares during the period. Finally, Arizona State Retirement System grew its position in shares of VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after buying an additional 842 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

VSE Stock Up 0.1 %

Shares of VSEC opened at $116.26 on Wednesday. The stock’s fifty day moving average is $99.87 and its 200-day moving average is $90.33. 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 Co. has a one year low of $57.10 and a one year high of $123.92.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The firm 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 period last year, the firm posted $0.92 earnings per share. Analysts forecast that VSE Co. will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares of the company’s stock, valued at $42,543,369.72. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 14.60% of the company’s stock.

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.