Expect Equity LLC Buys Shares of 23,785 VSE Co. (NASDAQ:VSEC)

Expect Equity LLC purchased a new position in shares of VSE Co. (NASDAQ:VSEC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,785 shares of the construction company’s stock, valued at approximately $2,262,000. VSE comprises about 2.4% of Expect Equity LLC’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds have also added to or reduced their stakes in VSEC. Fred Alger Management LLC acquired a new stake in shares of VSE in the fourth quarter valued at approximately $24,530,000. Deutsche Bank AG lifted its holdings in VSE by 76.2% during the 4th quarter. Deutsche Bank AG now owns 12,963 shares of the construction company’s stock valued at $1,233,000 after purchasing an additional 5,608 shares during the last quarter. Driehaus Capital Management LLC bought a new position in VSE during the fourth quarter worth $15,695,000. Durable Capital Partners LP raised its position in shares of VSE by 55.4% in the fourth quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company’s stock valued at $57,971,000 after purchasing an additional 217,439 shares during the period. Finally, Broad Bay Capital Management LP lifted its stake in shares of VSE by 2.7% during the 4th quarter. Broad Bay Capital Management LP now owns 260,943 shares of the construction company’s stock worth $24,816,000 after buying an additional 6,909 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Price Performance

Shares of NASDAQ VSEC opened at $131.43 on Friday. The stock has a market capitalization of $2.72 billion, a PE ratio of 158.35 and a beta of 1.34. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $134.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The business has a fifty day moving average price of $115.77 and a two-hundred day moving average price of $109.17.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.23. VSE had a net margin of 1.36% and a return on equity of 7.26%. The business had revenue of $256.05 million during the quarter, compared to analysts’ expectations of $248.20 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. VSE’s revenue was up 57.6% compared to the same quarter last year. As a group, equities analysts predict that VSE Co. will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Wednesday, July 16th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. VSE’s dividend payout ratio (DPR) is 48.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VSEC shares. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday. StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their price objective on VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, B. Riley boosted their target price on shares of VSE from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.17.

VSE Company 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.