VSE Co. (NASDAQ:VSEC) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its stake in shares of VSE Co. (NASDAQ:VSEC) by 7.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,673 shares of the construction company’s stock after purchasing an additional 12,592 shares during the period. Stephens Investment Management Group LLC owned 0.90% of VSE worth $17,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of 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 acquiring an additional 178,435 shares during the last quarter. Primecap Management Co. CA purchased a new stake in VSE during the 3rd quarter worth about $11,016,000. Jennison Associates LLC raised its stake in VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock valued at $88,311,000 after purchasing an additional 104,868 shares during the last quarter. Wasatch Advisors LP purchased a new position in VSE in the 3rd quarter valued at about $8,437,000. Finally, Lord Abbett & CO. LLC boosted its stake in shares of VSE by 24.9% during the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after purchasing an additional 44,662 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of VSE to a “sell” rating in a research note on Tuesday, January 28th. B. Riley increased their price target on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price objective on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Truist Financial reduced their target price on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group lifted their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.83.

VSE Price Performance

VSEC stock opened at $105.68 on Monday. The company has a market cap of $2.16 billion, a PE ratio of 19.14 and a beta of 1.61. 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 stock has a 50-day moving average price of $102.92 and a two-hundred day moving average price of $97.91. VSE Co. has a 12-month low of $65.29 and a 12-month high of $123.92.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s payout ratio is currently 7.25%.

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.