Invesco Ltd. Increases Holdings in VSE Co. (NASDAQ:VSEC)

Invesco Ltd. increased its stake in VSE Co. (NASDAQ:VSEC) by 10.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 116,481 shares of the construction company’s stock after buying an additional 11,418 shares during the period. Invesco Ltd.’s holdings in VSE were worth $11,077,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in VSE by 21.8% in the third quarter. Jane Street Group LLC now owns 20,644 shares of the construction company’s stock valued at $1,708,000 after acquiring an additional 3,690 shares during the last quarter. Barclays PLC lifted its stake in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock valued at $3,374,000 after purchasing an additional 35,744 shares during the last quarter. Geode Capital Management LLC grew its holdings in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after purchasing an additional 42,637 shares during the period. Sanctuary Advisors LLC bought a new position in VSE during the third quarter valued at $155,000. Finally, Franklin Resources Inc. increased its position in VSE by 121.6% in the third 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 during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VSEC shares. Truist Financial decreased their price objective on VSE from $134.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, April 17th. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and an average target price of $118.00.

VSE Stock Performance

Shares of VSEC opened at $105.24 on Wednesday. VSE Co. has a 52-week low of $73.36 and a 52-week high of $128.72. The stock’s 50-day simple moving average is $112.44 and its 200 day simple moving average is $107.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 126.80 and a beta of 1.32.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $299.02 million for the quarter, compared to the consensus estimate of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. Research analysts forecast that VSE Co. will post 2.96 EPS for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, May 1st. VSE’s payout ratio is 48.19%.

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.