Swiss National Bank Has $3.11 Million Holdings in VSE Co. (NASDAQ:VSEC)

Swiss National Bank boosted its position in shares of VSE Co. (NASDAQ:VSEC) by 1.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,678 shares of the construction company’s stock after purchasing an additional 500 shares during the period. Swiss National Bank’s holdings in VSE were worth $3,108,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VSEC. Jennison Associates LLC boosted its position in shares of VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after acquiring an additional 104,868 shares in the last quarter. Geode Capital Management LLC lifted its stake in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of VSE by 121.6% during the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock worth $29,801,000 after buying an additional 178,435 shares in the last quarter. State Street Corp lifted its position in shares of VSE by 5.2% during the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after buying an additional 15,931 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in VSE in the fourth quarter valued at about $24,018,000. 91.54% of the stock is owned by institutional investors.

VSE Trading Down 1.8 %

Shares of VSEC stock opened at $123.07 on Thursday. The stock has a 50-day moving average of $108.61 and a 200-day moving average of $103.34. 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 stock has a market cap of $2.54 billion, a price-to-earnings ratio of 148.28 and a beta of 1.62. VSE Co. has a 1-year low of $73.36 and a 1-year high of $128.72.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. On average, equities research analysts forecast that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. VSE’s dividend payout ratio (DPR) is currently 48.19%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VSEC shares. StockNews.com raised VSE to a “sell” rating in a research note on Thursday, March 6th. Royal Bank of Canada upped their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Truist Financial boosted their price target on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $118.67.

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.