Royce & Associates LP Sells 33,060 Shares of VSE Co. (NASDAQ:VSEC)

Royce & Associates LP decreased its position in VSE Co. (NASDAQ:VSEC) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 339,833 shares of the construction company’s stock after selling 33,060 shares during the period. Royce & Associates LP owned about 1.84% of VSE worth $28,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors purchased a new stake in VSE in the first quarter worth $81,623,000. Dimensional Fund Advisors LP lifted its stake in VSE by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock worth $72,634,000 after acquiring an additional 15,323 shares during the period. Vanguard Group Inc. lifted its stake in VSE by 1.7% in the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock worth $57,974,000 after acquiring an additional 12,407 shares during the period. AltraVue Capital LLC purchased a new stake in VSE in the second quarter worth $48,343,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in VSE in the second quarter worth $10,326,000. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at VSE

In related news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction dated 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 completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is owned by insiders.

Analyst Ratings Changes

VSEC has been the subject of a number of research analyst reports. B. Riley raised their price target on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Truist Financial raised their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised VSE to a “sell” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of VSE in a research report on Friday, August 2nd. Finally, Jefferies Financial Group raised their price objective on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.83.

VSE Price Performance

VSEC opened at $115.34 on Friday. The stock has a 50-day moving average price of $96.26 and a 200-day moving average price of $88.81. 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 firm has a market cap of $2.35 billion, a PE ratio of 36.14 and a beta of 1.56. VSE Co. has a 1 year low of $57.10 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million during the quarter, compared to analyst estimates 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 earned $0.92 EPS. Sell-side analysts predict that VSE Co. will post 2.9 earnings per share for the current fiscal year.

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.