Fmr LLC Cuts Position in VSE Co. (NASDAQ:VSEC)

Fmr LLC decreased its stake in VSE Co. (NASDAQ:VSEC) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,323,572 shares of the construction company’s stock after selling 6,027 shares during the quarter. Fmr LLC owned approximately 11.38% of VSE worth $192,229,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VSEC. AltraVue Capital LLC acquired a new stake in shares of VSE during the second quarter valued at about $48,343,000. Primecap Management Co. CA purchased a new stake in shares of VSE in the 3rd quarter valued at about $11,016,000. Allspring Global Investments Holdings LLC purchased a new position in shares of VSE during the second quarter worth approximately $10,326,000. Hennessy Advisors Inc. purchased a new position in VSE during the 2nd quarter worth $9,388,000. Finally, Ghisallo Capital Management LLC acquired a new position in shares of VSE in the second quarter valued at approximately $4,414,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on VSEC. B. Riley boosted their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial raised their price target on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group boosted their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Finally, StockNews.com raised VSE to a “sell” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.83.

VSE Price Performance

NASDAQ VSEC opened at $116.81 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a market cap of $2.38 billion, a P/E ratio of 35.38 and a beta of 1.56. The stock’s 50-day moving average is $102.76 and its two-hundred day moving average is $91.72. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $273.61 million during the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, analysts anticipate that VSE Co. will post 2.9 earnings per share for the current fiscal year.

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.