BNP Paribas Financial Markets Increases Stock Position in VSE Co. (NASDAQ:VSEC)

BNP Paribas Financial Markets increased its stake in shares of VSE Co. (NASDAQ:VSEC) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,310 shares of the construction company’s stock after buying an additional 134 shares during the period. BNP Paribas Financial Markets’ holdings in VSE were worth $274,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VSEC. Jennison Associates LLC grew its position in VSE by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after purchasing an additional 29,811 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of VSE by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock worth $72,634,000 after buying an additional 15,323 shares during the last quarter. AltraVue Capital LLC bought a new stake in shares of VSE in the second quarter worth $48,343,000. Charles Schwab Investment Management Inc. increased its position in VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after acquiring an additional 20,114 shares during the last quarter. Finally, Primecap Management Co. CA purchased a new stake in VSE during the third quarter valued at $11,016,000. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com upgraded VSE to a “sell” rating in a research note on Monday, December 9th. Truist Financial increased their price target on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Jefferies Financial Group raised their target price on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, B. Riley boosted their price target on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $118.50.

VSE Stock Performance

NASDAQ:VSEC opened at $108.21 on Monday. The stock has a 50-day moving average price of $108.34 and a 200 day moving average price of $94.03. 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 Co. has a 12-month low of $57.10 and a 12-month high of $123.92. The stock has a market capitalization of $2.21 billion, a P/E ratio of 33.57 and a beta of 1.57.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $273.61 million for the quarter, compared to analysts’ expectations of $270.88 million. During the same quarter last year, the business posted $0.92 earnings per share. Equities research analysts forecast that VSE Co. will post 2.92 EPS for the current fiscal year.

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.