Primecap Management Co. CA Invests $11.02 Million in VSE Co. (NASDAQ:VSEC)

Primecap Management Co. CA purchased a new stake in VSE Co. (NASDAQ:VSEC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 133,152 shares of the construction company’s stock, valued at approximately $11,016,000. Primecap Management Co. CA owned about 0.72% of VSE at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of VSEC. Intech Investment Management LLC acquired a new stake in VSE during the 3rd quarter worth approximately $394,000. Jennison Associates LLC raised its stake in shares of VSE by 3.8% during the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after purchasing an additional 29,811 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 worth $1,274,000 after purchasing an additional 3,601 shares during the period. Principal Financial Group Inc. grew its position in VSE by 5.9% in the 3rd quarter. Principal Financial Group Inc. now owns 22,067 shares of the construction company’s stock valued at $1,826,000 after buying an additional 1,236 shares during the last quarter. Finally, Wisconsin Capital Management LLC increased its stake in VSE by 14.9% in the 3rd quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock valued at $4,813,000 after buying an additional 7,522 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Performance

VSEC opened at $116.98 on Friday. VSE Co. has a 1-year low of $57.10 and a 1-year high of $123.92. The stock has a market cap of $2.39 billion, a P/E ratio of 35.16 and a beta of 1.56. The stock’s 50 day simple moving average is $98.72 and its 200 day simple moving average is $89.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

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

Insider Buying and Selling at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s 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 completion of the transaction, the insider now owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 14.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.