Fmr LLC Sells 6,027 Shares of VSE Co. (NASDAQ:VSEC)

Fmr LLC cut its stake in shares of VSE Co. (NASDAQ:VSEC) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,323,572 shares of the construction company’s stock after selling 6,027 shares during the quarter. Fmr LLC owned 0.11% of VSE worth $192,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wisconsin Capital Management LLC grew its position in shares of VSE by 14.9% during the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock worth $4,813,000 after purchasing an additional 7,522 shares in the last quarter. Park Avenue Securities LLC grew its holdings in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after acquiring an additional 464 shares during the period. Jennison Associates LLC lifted its position in shares of VSE by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after acquiring an additional 29,811 shares during the period. Primecap Management Co. CA acquired a new position in VSE during the 3rd quarter worth approximately $11,016,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of VSE by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after buying an additional 465 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VSEC. Royal Bank of Canada upped their price objective on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Truist Financial boosted their price target on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. B. Riley lifted their price target on VSE from $120.00 to $132.00 and gave the stock a “buy” 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Stock Down 0.4 %

Shares of NASDAQ:VSEC opened at $116.81 on Tuesday. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The stock’s 50-day moving average price is $102.76 and its 200-day moving average price is $91.72. The stock has a market capitalization of $2.38 billion, a P/E ratio of 35.38 and a beta of 1.56. VSE Co. has a 12-month low of $57.10 and a 12-month high of $123.92.

VSE (NASDAQ:VSEC) last posted its quarterly 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. The company had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the prior year, the business posted $0.92 EPS. On average, equities analysts anticipate that VSE Co. will post 2.9 earnings per share for the current year.

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.