AJOVista LLC Acquires New Holdings in VSE Co. (NASDAQ:VSEC)

AJOVista LLC acquired a new stake in VSE Co. (NASDAQ:VSEC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,155 shares of the construction company’s stock, valued at approximately $75,000.

Several other hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in shares of VSE by 26.4% during the third quarter. First Eagle Investment Management LLC now owns 123,573 shares of the construction company’s stock valued at $6,233,000 after acquiring an additional 25,814 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of VSE by 25.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 99,782 shares of the construction company’s stock worth $5,033,000 after buying an additional 19,955 shares in the last quarter. Boston Partners boosted its stake in VSE by 97.8% during the third quarter. Boston Partners now owns 15,522 shares of the construction company’s stock valued at $783,000 after buying an additional 7,674 shares in the last quarter. Jennison Associates LLC acquired a new position in VSE during the third quarter worth about $22,203,000. Finally, Janney Montgomery Scott LLC raised its position in VSE by 48.8% in the third quarter. Janney Montgomery Scott LLC now owns 24,352 shares of the construction company’s stock worth $1,228,000 after acquiring an additional 7,985 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com downgraded VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Truist Financial lifted their target price on shares of VSE from $77.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Benchmark restated a “buy” rating and issued a $85.00 price target on shares of VSE in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and an average target price of $78.25.

VSE Stock Up 3.1 %

NASDAQ:VSEC traded up $2.51 during trading hours on Friday, reaching $82.90. The company’s stock had a trading volume of 182,587 shares, compared to its average volume of 71,596. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 34.54 and a beta of 1.68. VSE Co. has a one year low of $45.37 and a one year high of $83.14. The business’s 50-day moving average is $77.32 and its 200-day moving average is $66.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.70 and a quick ratio of 0.95.

VSE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio is presently 16.67%.

About VSE

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.