Virtu Financial LLC Makes New $421,000 Investment in VSE Co. (NASDAQ:VSEC)

Virtu Financial LLC acquired a new stake in shares of VSE Co. (NASDAQ:VSEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,425 shares of the construction company’s stock, valued at approximately $421,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lord Abbett & CO. LLC grew its holdings in 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 purchasing an additional 44,662 shares during the period. Geode Capital Management LLC lifted 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 valued at $31,669,000 after buying an additional 42,637 shares in the last quarter. Barclays PLC grew its stake in shares of 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 acquiring an additional 35,744 shares during the period. State Street Corp increased its holdings in VSE by 5.2% in the 3rd quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after acquiring an additional 15,931 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in VSE by 14.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after acquiring an additional 20,114 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Stock Down 1.8 %

Shares of VSEC stock opened at $123.07 on Thursday. The stock has a market cap of $2.54 billion, a P/E ratio of 148.28 and a beta of 1.62. The company’s fifty day simple moving average is $108.61 and its two-hundred day simple moving average is $103.34. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE Co. has a 52 week low of $73.36 and a 52 week high of $128.72.

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

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s dividend payout ratio is presently 48.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VSEC. StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, March 6th. Royal Bank of Canada increased their price target on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Truist Financial raised their price target on VSE from $129.00 to $134.00 and gave the company a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

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.