Loomis Sayles & Co. L P Raises Stock Holdings in VSE Co. (NASDAQ:VSEC)

Loomis Sayles & Co. L P grew its position in shares of VSE Co. (NASDAQ:VSEC) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 167,236 shares of the construction company’s stock after acquiring an additional 3,324 shares during the quarter. Loomis Sayles & Co. L P owned about 0.82% of VSE worth $15,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Lord Abbett & CO. LLC grew its stake in shares of VSE by 24.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 224,148 shares of the construction company’s stock worth $18,544,000 after buying an additional 44,662 shares in the last quarter. Geode Capital Management LLC lifted 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 during the last quarter. Barclays PLC grew its position in VSE by 711.2% in the third quarter. Barclays PLC now owns 40,770 shares of the construction company’s stock worth $3,374,000 after acquiring an additional 35,744 shares in the last quarter. State Street Corp increased its stake in 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 acquiring an additional 15,931 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in VSE by 14.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock valued at $13,511,000 after purchasing an additional 20,114 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial lifted their target price on VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, March 6th. Finally, Royal Bank of Canada increased their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

VSE Trading Down 5.0 %

VSEC stock opened at $116.63 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 140.52 and a beta of 1.62. 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 Co. has a 12 month low of $73.36 and a 12 month high of $128.72. The firm’s 50-day moving average is $109.29 and its 200 day moving average is $103.71.

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

VSE Announces Dividend

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

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.