VSE Co. (NASDAQ:VSEC) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its holdings in shares of VSE Co. (NASDAQ:VSEC) by 0.6% in the second quarter, Holdings Channel reports. The firm owned 121,922 shares of the construction company’s stock after selling 700 shares during the quarter. First Eagle Investment Management LLC’s holdings in VSE were worth $10,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of VSEC. Innealta Capital LLC acquired a new position in shares of VSE in the second quarter valued at approximately $42,000. Park Avenue Securities LLC acquired a new stake in shares of VSE in the 1st quarter valued at approximately $221,000. Archer Investment Corp purchased a new stake in shares of VSE in the second quarter valued at approximately $247,000. Caprock Group LLC acquired a new position in VSE during the first quarter worth $241,000. Finally, Precision Wealth Strategies LLC purchased a new position in VSE in the first quarter worth $280,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares in the company, valued at $42,543,369.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.60% of the company’s stock.

VSE Price Performance

NASDAQ:VSEC opened at $89.13 on Friday. VSE Co. has a 12-month low of $48.47 and a 12-month high of $94.10. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 26.90 and a beta of 1.61. The company’s 50-day moving average is $87.54 and its two-hundred day moving average is $82.86. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The firm had revenue of $265.96 million for the quarter, compared to analysts’ expectations of $256.60 million. Research analysts expect that VSE Co. will post 3.06 EPS for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Wednesday, November 6th.

Analyst Ratings Changes

Several equities research analysts have commented on VSEC shares. Stifel Nicolaus began coverage on shares of VSE in a research report on Friday, June 28th. They set a “buy” rating and a $101.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price target for the company. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Truist Financial lifted their price objective on VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of VSE in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $99.83.

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.