K.J. Harrison & Partners Inc Has $3.25 Million Stake in VSE Co. (NASDAQ:VSEC)

K.J. Harrison & Partners Inc reduced its position in VSE Co. (NASDAQ:VSEC) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 35,000 shares of the construction company’s stock after selling 3,300 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in VSE were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its holdings in shares of VSE by 24.9% during the third quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock valued at $18,544,000 after acquiring an additional 44,662 shares during the period. Geode Capital Management LLC increased its position in shares of VSE by 12.5% during the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after purchasing an additional 42,637 shares in the last quarter. Barclays PLC lifted its holdings in VSE by 711.2% during the 3rd 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. Charles Schwab Investment Management Inc. boosted its position in VSE by 14.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after buying an additional 20,114 shares in the last quarter. Finally, State Street Corp boosted its position in VSE by 5.2% in the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock valued at $26,790,000 after buying an additional 15,931 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

VSEC has been the topic of several recent analyst reports. StockNews.com raised VSE to a “sell” rating in a report on Wednesday, February 12th. B. Riley lifted their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Royal Bank of Canada increased their target price on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Truist Financial cut their price target on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.83.

VSE Stock Performance

Shares of VSE stock opened at $101.00 on Thursday. VSE Co. has a 52 week low of $71.34 and a 52 week high of $123.92. 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 $2.06 billion, a price-to-earnings ratio of 18.70 and a beta of 1.61. The firm has a fifty day moving average of $99.69 and a two-hundred day moving average of $99.25.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. As a group, equities research analysts predict that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s payout ratio is presently 7.41%.

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.