VSE Corporation (NASDAQ:VSEC) Cut to Sell at BidaskClub

BidaskClub cut shares of VSE Corporation (NASDAQ:VSEC) from a hold rating to a sell rating in a research note issued to investors on Monday, July 31st.

Separately, TheStreet downgraded VSE Corporation from a b rating to a c+ rating in a report on Friday, April 28th.

VSE Corporation (NASDAQ VSEC) opened at 49.19 on Monday. The stock has a 50 day moving average of $47.46 and a 200-day moving average of $42.75. VSE Corporation has a one year low of $26.16 and a one year high of $54.00. The firm has a market capitalization of $533.12 million, a PE ratio of 18.22 and a beta of 1.81.

VSE Corporation (NASDAQ:VSEC) last issued its earnings results on Thursday, July 27th. The construction company reported $0.72 earnings per share for the quarter. The firm had revenue of $193.86 million for the quarter. VSE Corporation had a return on equity of 11.32% and a net margin of 3.77%. On average, equities analysts predict that VSE Corporation will post $4.35 EPS for the current year.

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In related news, Director Bonnie K. Wachtel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director now owns 123,352 shares of the company’s stock, valued at approximately $5,550,840. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 21.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC increased its stake in VSE Corporation by 77.5% in the second quarter. Seizert Capital Partners LLC now owns 106,070 shares of the construction company’s stock valued at $4,771,000 after buying an additional 46,325 shares during the period. Nationwide Fund Advisors increased its stake in VSE Corporation by 16.7% in the second quarter. Nationwide Fund Advisors now owns 33,490 shares of the construction company’s stock valued at $1,506,000 after buying an additional 4,800 shares during the period. Finally, Eaton Vance Management purchased a new stake in VSE Corporation during the second quarter valued at $540,000. 64.16% of the stock is currently owned by institutional investors.

About VSE Corporation

VSE Corporation is a services and supply chain management company. The Company’s segments include Supply Chain Management Group, Aviation Group, Federal Services Group, and IT, Energy and Management Consulting Group. The Company provides logistics and distribution services for legacy systems and equipment and professional and technical services to the United States Government, including the United States Department of Defense (DoD), the United States Postal Service (USPS), federal civilian agencies, and commercial and other customers.

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