Segall Bryant & Hamill LLC Takes $8.44 Million Position in VSE Co. (NASDAQ:VSEC)

Segall Bryant & Hamill LLC purchased a new position in shares of VSE Co. (NASDAQ:VSEC) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 88,734 shares of the construction company’s stock, valued at approximately $8,439,000.

A number of other hedge funds have also recently added to or reduced their stakes in VSEC. Vanguard Group Inc. lifted its position in shares of VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock worth $101,904,000 after purchasing an additional 182,465 shares in the last quarter. Jennison Associates LLC lifted its holdings in VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after buying an additional 104,868 shares in the last quarter. Geode Capital Management LLC boosted its position in VSE by 12.5% in 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 during the last quarter. Franklin Resources Inc. increased its stake in shares of VSE by 121.6% in the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after buying an additional 178,435 shares during the period. Finally, State Street Corp raised its position in shares of VSE by 5.2% during the third 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 during the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Stock Down 1.8 %

VSE stock opened at $123.07 on Thursday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 148.28 and a beta of 1.62. The company’s 50 day simple moving average is $108.61 and its 200 day simple moving average is $103.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. VSE Co. has a fifty-two week low of $73.36 and a fifty-two week high of $128.72.

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

VSE Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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. Royal Bank of Canada lifted their price target on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com upgraded shares of VSE to a “sell” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, VSE 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.