Barclays PLC Purchases 35,744 Shares of VSE Co. (NASDAQ:VSEC)

Barclays PLC boosted its stake in shares of VSE Co. (NASDAQ:VSEC) by 711.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,770 shares of the construction company’s stock after buying an additional 35,744 shares during the quarter. Barclays PLC’s holdings in VSE were worth $3,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in VSEC. Innealta Capital LLC bought a new stake in shares of VSE during the 2nd quarter worth approximately $42,000. US Bancorp DE lifted its position in shares of VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares during the period. Archer Investment Corp bought a new stake in VSE during the 2nd quarter valued at $247,000. BNP Paribas Financial Markets boosted its position in VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after purchasing an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after buying an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

VSEC opened at $98.27 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 firm’s 50-day moving average price is $110.21 and its 200 day moving average price is $94.91. The firm has a market capitalization of $2.01 billion, a PE ratio of 21.89 and a beta of 1.57. VSE Co. has a twelve month low of $57.10 and a twelve month high of $123.92.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm 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 quarter in the prior year, the firm posted $0.92 earnings per share. As a group, sell-side analysts expect that VSE Co. will post 2.92 EPS for the current fiscal year.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 23rd 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 0.41%. The ex-dividend date of this dividend is Thursday, January 23rd. VSE’s payout ratio is 8.91%.

Analyst Upgrades and Downgrades

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

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.