Fisher Asset Management LLC Sells 5,315 Shares of VSE Co. (NASDAQ:VSEC)

Fisher Asset Management LLC cut its position in VSE Co. (NASDAQ:VSEC) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,919 shares of the construction company’s stock after selling 5,315 shares during the quarter. Fisher Asset Management LLC owned about 0.08% of VSE worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Jennison Associates LLC raised its position in shares of VSE by 12.7% in the fourth quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after buying an additional 104,868 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of VSE by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 382,719 shares of the construction company’s stock valued at $31,669,000 after acquiring an additional 42,637 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of VSE by 121.6% during the 3rd quarter. Franklin Resources Inc. now owns 325,121 shares of the construction company’s stock valued at $29,801,000 after acquiring an additional 178,435 shares during the last quarter. State Street Corp grew its holdings in shares of VSE by 5.2% during the third quarter. State Street Corp now owns 323,830 shares of the construction company’s stock worth $26,790,000 after purchasing an additional 15,931 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of VSE in the fourth quarter worth approximately $24,018,000. 91.54% of the stock is owned by institutional investors.

VSE Stock Performance

VSE stock opened at $118.15 on Thursday. The firm has a fifty day simple moving average of $101.04 and a two-hundred day simple moving average of $100.16. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. VSE Co. has a twelve month low of $72.74 and a twelve month high of $123.92. The company has a market capitalization of $2.41 billion, a PE ratio of 142.35 and a beta of 1.61.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. VSE had a return on equity of 7.26% and a net margin of 1.36%. The company had revenue of $299.02 million during the quarter, compared to analyst estimates of $289.97 million. Research analysts expect that VSE Co. will post 2.96 EPS for the current year.

VSE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, May 1st. VSE’s dividend payout ratio (DPR) is presently 48.19%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VSEC shares. B. Riley lifted their target price on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of VSE to a “sell” rating in a report on Thursday. Royal Bank of Canada increased their target price on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Truist Financial lifted their price target on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, VSE has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

VSE 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.