Loomis Sayles & Co. L P Sells 6,467 Shares of VSE Co. (NASDAQ:VSEC)

Loomis Sayles & Co. L P reduced its holdings in shares of VSE Co. (NASDAQ:VSEC) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,912 shares of the construction company’s stock after selling 6,467 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.80% of VSE worth $13,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC grew its position in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after purchasing an additional 29,811 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of VSE by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after acquiring an additional 15,323 shares in the last quarter. Vanguard Group Inc. increased its position in shares of VSE by 1.7% in the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock valued at $57,974,000 after acquiring an additional 12,407 shares during the last quarter. AltraVue Capital LLC bought a new stake in VSE during the second quarter worth about $48,343,000. Finally, Charles Schwab Investment Management Inc. boosted its position in VSE by 14.0% during 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 purchasing an additional 20,114 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

VSE Stock Up 0.1 %

Shares of VSEC opened at $116.26 on Wednesday. The firm’s 50-day simple moving average is $99.87 and its 200 day simple moving average is $90.33. 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 firm has a market cap of $2.37 billion, a P/E ratio of 35.72 and a beta of 1.56. VSE Co. has a 52 week low of $57.10 and a 52 week high of $123.92.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter last year, the company earned $0.92 earnings per share. On average, analysts forecast that VSE Co. will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VSEC shares. 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 research note on Thursday, November 7th. Truist Financial increased their price target on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a research note on Thursday, November 7th. B. Riley raised their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $100.00 price target on shares of VSE in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

Insider Transactions at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at $42,543,369.72. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 14.60% of the company’s stock.

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.