US Bancorp DE Grows Stock Holdings in VSE Co. (NASDAQ:VSEC)

US Bancorp DE increased its stake in shares of VSE Co. (NASDAQ:VSEC) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,021 shares of the construction company’s stock after buying an additional 435 shares during the quarter. US Bancorp DE’s holdings in VSE were worth $287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in shares of VSE during the third quarter worth about $155,000. KFA Private Wealth Group LLC purchased a new position in shares of VSE during the fourth quarter worth about $209,000. BNP Paribas Financial Markets boosted its holdings in VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after purchasing an additional 134 shares in the last quarter. Intech Investment Management LLC purchased a new stake in VSE in the 3rd quarter valued at approximately $394,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in VSE in the 4th quarter valued at approximately $446,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Trading Down 4.9 %

Shares of VSE stock opened at $112.62 on Friday. 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 1 year low of $73.36 and a 1 year high of $123.97. The company has a market capitalization of $2.32 billion, a P/E ratio of 135.69 and a beta of 1.62. The business has a 50 day moving average price of $103.44 and a 200 day moving average price of $101.24.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $299.02 million during the quarter, compared to the consensus estimate of $289.97 million. Sell-side analysts anticipate that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 0.36%. VSE’s dividend payout ratio (DPR) is presently 48.19%.

Analyst Upgrades and Downgrades

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

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.