VSE Co. (NASDAQ:VSEC) Receives Consensus Recommendation of “Buy” from Analysts

VSE Co. (NASDAQ:VSEC) has earned an average rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $116.83.

A number of brokerages have recently commented on VSEC. B. Riley raised their price objective on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a research report on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Benchmark restated a “buy” rating and set a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Finally, Jefferies Financial Group upped their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

VSE Trading Up 2.4 %

Shares of VSE stock opened at $116.98 on Monday. VSE has a 1 year low of $57.10 and a 1 year high of $123.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The stock has a market cap of $2.39 billion, a PE ratio of 26.53 and a beta of 1.56. The firm has a fifty day moving average price of $99.30 and a 200 day moving average price of $90.08.

VSE (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same quarter in the previous year, the firm posted $0.92 EPS. Equities research analysts predict that VSE will post 2.9 earnings per share for the current year.

Insider Buying and Selling

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the transaction, the insider now owns 463,284 shares in the company, valued at approximately $42,543,369.72. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On VSE

Hedge funds have recently modified their holdings of the business. Jennison Associates LLC boosted its position in VSE by 3.8% during the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after acquiring an additional 29,811 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of VSE by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock valued at $72,634,000 after purchasing an additional 15,323 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 purchasing an additional 12,407 shares during the last quarter. AltraVue Capital LLC purchased a new position in VSE during the second quarter worth approximately $48,343,000. Finally, Geode Capital Management LLC lifted its position in VSE by 12.5% during the third quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock worth $31,669,000 after buying an additional 42,637 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.