Kennedy Capital Management LLC Sells 1,303 Shares of VSE Co. (NASDAQ:VSEC)

Kennedy Capital Management LLC lessened its stake in VSE Co. (NASDAQ:VSEC) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,992 shares of the construction company’s stock after selling 1,303 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.39% of VSE worth $5,039,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VSEC. Bfsg LLC bought a new position in shares of VSE in the fourth quarter valued at approximately $41,000. AJOVista LLC purchased a new stake in shares of VSE during the fourth quarter valued at approximately $75,000. Simplex Trading LLC purchased a new stake in shares of VSE during the fourth quarter valued at approximately $199,000. Park Avenue Securities LLC purchased a new stake in shares of VSE during the first quarter valued at approximately $221,000. Finally, Caprock Group LLC purchased a new stake in shares of VSE during the first quarter valued at approximately $241,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

VSEC has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on VSE in a research report on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company. Benchmark raised their target price on VSE from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, June 14th. B. Riley raised their target price on VSE from $91.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Truist Financial raised their target price on VSE from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, VSE has a consensus rating of “Moderate Buy” and an average target price of $93.80.

VSE Stock Down 3.2 %

Shares of NASDAQ VSEC traded down $2.85 during mid-day trading on Tuesday, hitting $87.10. The company had a trading volume of 154,077 shares, compared to its average volume of 128,158. VSE Co. has a 1 year low of $48.47 and a 1 year high of $94.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.33 and a quick ratio of 0.99. The stock’s 50-day moving average price is $85.34 and its 200-day moving average price is $77.37.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, May 8th. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.12. The company had revenue of $241.54 million during the quarter, compared to analyst estimates of $242.42 million. VSE had a return on equity of 8.85% and a net margin of 2.56%. On average, sell-side analysts expect that VSE Co. will post 3.46 earnings per share for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date is Wednesday, July 17th.

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.