VSE (NASDAQ:VSEC) Trading Down 4.6% – What’s Next?

VSE Co. (NASDAQ:VSEC) shares traded down 4.6% during mid-day trading on Thursday . The stock traded as low as $96.63 and last traded at $96.23. 39,349 shares traded hands during trading, a decline of 80% from the average session volume of 201,266 shares. The stock had previously closed at $100.90.

Analyst Ratings Changes

Several research analysts have recently commented on VSEC shares. Truist Financial lowered their price objective on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada raised their price target on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. B. Riley upped their price objective on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded VSE to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $117.83.

VSE Trading Up 4.5 %

The stock’s fifty day moving average price is $101.38 and its two-hundred day moving average price is $98.17. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.41%.

Hedge Funds Weigh In On VSE

A number of institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. grew its position in VSE by 52.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock worth $192,689,000 after purchasing an additional 698,642 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of VSE during the fourth quarter worth about $35,834,000. Artisan Partners Limited Partnership purchased a new position in shares of VSE during the fourth quarter worth about $31,692,000. Capital Research Global Investors increased its position in VSE by 16.8% in the 4th quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock valued at $170,616,000 after acquiring an additional 258,674 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in VSE in the fourth quarter valued at $24,018,000. 91.54% of the stock is 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.