Wealthspire Advisors LLC Raises Position in VSE Co. (NASDAQ:VSEC)

Wealthspire Advisors LLC grew its position in shares of VSE Co. (NASDAQ:VSEC) by 106.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,490 shares of the construction company’s stock after buying an additional 6,965 shares during the quarter. Wealthspire Advisors LLC owned 0.07% of VSE worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VSEC. US Bancorp DE lifted its position in VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after acquiring an additional 2,384 shares in the last quarter. Wisconsin Capital Management LLC raised its stake in shares of VSE by 14.9% in the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock worth $4,813,000 after purchasing an additional 7,522 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of VSE by 5.9% during the third quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock valued at $1,826,000 after purchasing an additional 1,236 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of VSE by 30.5% during the third quarter. Victory Capital Management Inc. now owns 15,401 shares of the construction company’s stock valued at $1,274,000 after buying an additional 3,601 shares during the last quarter. Finally, Jennison Associates LLC increased its holdings 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 buying an additional 29,811 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Stock Down 2.0 %

Shares of VSEC stock opened at $98.03 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. VSE Co. has a 12 month low of $70.61 and a 12 month high of $123.92. The stock has a market cap of $2.00 billion, a P/E ratio of 18.15 and a beta of 1.61. The company has a 50 day simple moving average of $99.89 and a two-hundred day simple moving average of $99.12.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a $0.10 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. VSE’s dividend payout ratio is currently 7.41%.

Analysts Set New Price Targets

Several equities analysts have issued reports on VSEC shares. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Wednesday, February 12th. B. Riley increased their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, Truist Financial lowered their price target on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $117.83.

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.