Seelaus Asset Management LLC Sells 400 Shares of VSE Co. (NASDAQ:VSEC)

Seelaus Asset Management LLC lowered its stake in VSE Co. (NASDAQ:VSEC) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,205 shares of the construction company’s stock after selling 400 shares during the quarter. Seelaus Asset Management LLC’s holdings in VSE were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in VSE in the 3rd quarter worth approximately $155,000. KFA Private Wealth Group LLC purchased a new stake in shares of VSE in the 4th quarter valued at about $209,000. US Bancorp DE boosted its position in shares of VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after acquiring an additional 2,384 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of VSE by 4.2% during the third quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after purchasing an additional 134 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of VSE by 13.8% during the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after purchasing an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

Shares of VSE stock opened at $105.68 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a 52-week low of $65.29 and a 52-week high of $123.92. The company’s 50 day moving average price is $102.92 and its 200-day moving average price is $97.86.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter last year, the firm earned $0.92 EPS. On average, sell-side analysts forecast that VSE Co. will post 2.96 EPS for the current year.

VSE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, January 23rd.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VSEC. Jefferies Financial Group raised their target price on shares of VSE from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. B. Riley raised their price target on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded VSE to a “sell” rating in a report on Tuesday, January 28th. Finally, Truist Financial cut their target price on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. 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, VSE presently has an average rating of “Moderate Buy” and an average target price of $117.83.

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.