First Trust Advisors LP Has $27.37 Million Position in VSE Co. (NASDAQ:VSEC)

First Trust Advisors LP lessened its stake in VSE Co. (NASDAQ:VSEC) by 10.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 287,803 shares of the construction company’s stock after selling 32,560 shares during the quarter. First Trust Advisors LP’s holdings in VSE were worth $27,370,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its stake in VSE by 857.1% in the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock valued at $45,000 after acquiring an additional 420 shares during the last quarter. Quantbot Technologies LP bought a new position in VSE during the fourth quarter valued at about $47,000. Summit Investment Advisors Inc. lifted its position in shares of VSE by 14.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company’s stock worth $175,000 after buying an additional 233 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of VSE in the 3rd quarter valued at approximately $155,000. Finally, KFA Private Wealth Group LLC acquired a new stake in VSE in the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com upgraded VSE to a “sell” rating in a report on Thursday, March 6th. Truist Financial dropped their target price on shares of VSE from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

VSE Trading Up 0.2 %

Shares of VSEC stock opened at $113.94 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 137.28 and a beta of 1.32. VSE Co. has a 1 year low of $73.36 and a 1 year high of $128.72. The firm’s fifty day simple moving average is $113.28 and its 200 day simple moving average is $107.66. 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 (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, February 26th. The construction company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. As a group, sell-side analysts predict that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s dividend payout ratio is presently 48.19%.

VSE Company 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.