State Street Corp Grows Position in VSE Co. (NASDAQ:VSEC)

State Street Corp boosted its stake in shares of VSE Co. (NASDAQ:VSEC) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 323,830 shares of the construction company’s stock after buying an additional 15,931 shares during the period. State Street Corp’s holdings in VSE were worth $26,790,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Wasatch Advisors LP purchased a new position in shares of VSE during the third quarter valued at about $8,437,000. MetLife Investment Management LLC boosted its stake in VSE by 17.2% during the third quarter. MetLife Investment Management LLC now owns 9,054 shares of the construction company’s stock valued at $749,000 after buying an additional 1,330 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after buying an additional 134 shares in the last quarter. Millrace Asset Group Inc. increased its stake in VSE by 4.3% in the 3rd quarter. Millrace Asset Group Inc. now owns 23,364 shares of the construction company’s stock worth $1,933,000 after acquiring an additional 956 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of VSE by 43.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,557 shares of the construction company’s stock worth $625,000 after acquiring an additional 2,307 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VSEC shares. Jefferies Financial Group raised 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. Royal Bank of Canada boosted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Truist Financial increased their price target on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research note on Monday, December 9th. Finally, B. Riley raised their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, VSE presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.50.

VSE Stock Performance

Shares of NASDAQ:VSEC opened at $99.48 on Monday. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. VSE Co. has a 12 month low of $57.10 and a 12 month high of $123.92. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 22.16 and a beta of 1.57. The firm’s 50-day moving average is $110.08 and its 200 day moving average is $94.80.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $273.61 million for the quarter, compared to analysts’ expectations of $270.88 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Research analysts predict that VSE Co. will post 2.92 EPS for the current year.

VSE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd will be paid a $0.10 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. VSE’s payout ratio is 8.91%.

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.