Jennison Associates LLC Increases Holdings in VSE Co. (NASDAQ:VSEC)

Jennison Associates LLC boosted its position in VSE Co. (NASDAQ:VSEC) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 823,749 shares of the construction company’s stock after buying an additional 29,811 shares during the period. Jennison Associates LLC owned approximately 4.47% of VSE worth $68,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of VSEC. The Manufacturers Life Insurance Company boosted its stake in shares of VSE by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock worth $463,000 after buying an additional 320 shares during the last quarter. Park Avenue Securities LLC grew its position in VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after buying an additional 464 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in VSE by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after buying an additional 465 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of VSE in the second quarter worth about $42,000. Finally, Arizona State Retirement System boosted its stake in shares of VSE by 22.9% during the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after acquiring an additional 842 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 14.60% of the company’s stock.

Analyst Upgrades and Downgrades

VSEC has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research note on Thursday, November 7th. B. Riley lifted their price target on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Truist Financial upped their price objective on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

VSE Trading Down 0.5 %

Shares of VSEC stock opened at $114.81 on Thursday. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The firm has a market capitalization of $2.34 billion, a P/E ratio of 35.50 and a beta of 1.56. The stock’s fifty day moving average is $98.15 and its two-hundred day moving average is $89.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the previous year, the business posted $0.92 earnings per share. Research analysts expect 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.