Jane Street Group LLC Purchases 4,087 Shares of VSE Co. (NASDAQ:VSEC)

Jane Street Group LLC lifted its position in VSE Co. (NASDAQ:VSEC) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,731 shares of the construction company’s stock after acquiring an additional 4,087 shares during the quarter. Jane Street Group LLC’s holdings in VSE were worth $2,352,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in VSE by 857.1% during the fourth quarter. Sterling Capital Management LLC now owns 469 shares of the construction company’s stock worth $45,000 after acquiring an additional 420 shares during the period. Quantbot Technologies LP bought a new position in VSE during the fourth quarter valued at about $47,000. Tower Research Capital LLC TRC grew its position in VSE by 21.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the construction company’s stock valued at $138,000 after buying an additional 258 shares during the period. Summit Investment Advisors Inc. grew its position in VSE by 14.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,842 shares of the construction company’s stock valued at $175,000 after buying an additional 233 shares during the period. Finally, KFA Private Wealth Group LLC bought a new position in VSE during the fourth quarter valued at about $209,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

VSEC has been the subject of several research reports. Truist Financial increased their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. B. Riley upped their price objective on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada upped their price objective on shares of VSE from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.17.

VSE Trading Up 0.4%

Shares of VSE stock opened at $131.21 on Friday. VSE Co. has a 12-month low of $73.36 and a 12-month high of $139.51. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 164.01 and a beta of 1.34. 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 company’s 50-day moving average price is $117.27 and its 200-day moving average price is $110.15.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The firm had revenue of $256.05 million for the quarter, compared to the consensus estimate of $248.20 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 57.6% on a year-over-year basis. On average, equities analysts expect that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Wednesday, July 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Wednesday, July 16th. VSE’s payout ratio is 50.00%.

Insider Transactions at VSE

In related news, Director Anita D. Britt sold 2,869 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total value of $371,191.22. Following the sale, the director now directly owns 3,837 shares of the company’s stock, valued at $496,431.06. This trade represents a 42.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 14.60% of the company’s stock.

About VSE

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.