Northern Trust Corp Sells 7,520 Shares of VSE Co. (VSEC)

Northern Trust Corp lessened its holdings in VSE Co. (NASDAQ:VSEC) by 6.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,868 shares of the construction company’s stock after selling 7,520 shares during the period. Northern Trust Corp’s holdings in VSE were worth $3,287,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of VSE by 34.6% in the 4th quarter. Citigroup Inc. now owns 3,772 shares of the construction company’s stock worth $113,000 after purchasing an additional 969 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of VSE by 60.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,708 shares of the construction company’s stock worth $222,000 after purchasing an additional 2,518 shares during the period. Marshall Wace LLP bought a new position in shares of VSE in the 3rd quarter worth approximately $264,000. Rhumbline Advisers lifted its stake in shares of VSE by 44.3% in the 4th quarter. Rhumbline Advisers now owns 12,211 shares of the construction company’s stock worth $365,000 after purchasing an additional 3,751 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of VSE by 18.6% in the 4th quarter. First Trust Advisors LP now owns 15,488 shares of the construction company’s stock worth $463,000 after purchasing an additional 2,432 shares during the period. Hedge funds and other institutional investors own 70.82% of the company’s stock.

Separately, BidaskClub lowered shares of VSE from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 13th.

VSE stock opened at $32.99 on Thursday. The company has a market capitalization of $363.20 million, a P/E ratio of 10.33 and a beta of 1.24. VSE Co. has a 12-month low of $26.95 and a 12-month high of $53.19. The company has a quick ratio of 1.09, a current ratio of 2.68 and a debt-to-equity ratio of 0.52.

VSE (NASDAQ:VSEC) last released its earnings results on Thursday, February 28th. The construction company reported $0.84 earnings per share (EPS) for the quarter. The company had revenue of $181.00 million during the quarter. VSE had a net margin of 5.03% and a return on equity of 11.11%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, April 30th.

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About VSE

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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Institutional Ownership by Quarter for VSE (NASDAQ:VSEC)

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