Intech Investment Management LLC Purchases Shares of 4,761 VSE Co. (NASDAQ:VSEC)

Intech Investment Management LLC purchased a new position in VSE Co. (NASDAQ:VSEC) during the third quarter, HoldingsChannel.com reports. The fund purchased 4,761 shares of the construction company’s stock, valued at approximately $394,000.

A number of other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of VSE by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after purchasing an additional 320 shares during the period. Park Avenue Securities LLC lifted its position in VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares during the period. Price T Rowe Associates Inc. MD lifted its position in VSE by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after acquiring an additional 465 shares during the period. Innealta Capital LLC bought a new stake in VSE during the second quarter worth about $42,000. Finally, Arizona State Retirement System grew its holdings in VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after purchasing an additional 842 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

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

VSE Trading Down 1.6 %

VSEC opened at $114.93 on Wednesday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 35.94 and a beta of 1.57. VSE Co. has a one year low of $57.10 and a one year high of $123.92. The stock’s 50 day moving average price is $103.43 and its 200-day moving average price is $91.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $0.92 EPS. On average, equities analysts forecast that VSE Co. will post 2.9 EPS 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.