Fisher Asset Management LLC Reduces Stock Position in VSE Co. (NASDAQ:VSEC)

Fisher Asset Management LLC lessened its holdings in shares of VSE Co. (NASDAQ:VSEC) by 23.9% during the fourth quarter, Holdings Channel reports. The firm owned 16,919 shares of the construction company’s stock after selling 5,315 shares during the quarter. Fisher Asset Management LLC’s holdings in VSE were worth $1,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VSEC. Allspring Global Investments Holdings LLC bought a new stake in shares of VSE in the 4th quarter worth approximately $24,018,000. Franklin Resources Inc. boosted its holdings in VSE by 121.6% in the third quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after acquiring an additional 178,435 shares in the last quarter. Primecap Management Co. CA bought a new stake in VSE in the third quarter valued at $11,016,000. Jennison Associates LLC increased its position in VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock valued at $88,311,000 after purchasing an additional 104,868 shares during the period. Finally, Wasatch Advisors LP bought a new position in VSE in the 3rd quarter worth $8,437,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. B. Riley lifted their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research report on Thursday. Royal Bank of Canada increased their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Truist Financial lifted their price target on VSE from $129.00 to $134.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus price target of $118.67.

VSE Price Performance

Shares of NASDAQ VSEC opened at $118.15 on Thursday. 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 company has a 50 day simple moving average of $101.04 and a two-hundred day simple moving average of $100.16. VSE Co. has a fifty-two week low of $72.74 and a fifty-two week high of $123.92. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 142.35 and a beta of 1.61.

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

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s dividend payout ratio is presently 48.19%.

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.