Grandeur Peak Global Advisors LLC Takes $1.59 Million Position in VSE Corporation $VSEC

Grandeur Peak Global Advisors LLC bought a new position in VSE Corporation (NASDAQ:VSEC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,964 shares of the construction company’s stock, valued at approximately $1,591,000.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in VSE during the 2nd quarter valued at $25,000. Allworth Financial LP bought a new position in VSE in the 2nd quarter valued at $29,000. Transamerica Financial Advisors LLC acquired a new position in VSE in the second quarter worth $32,000. Global Retirement Partners LLC bought a new stake in shares of VSE during the second quarter worth $51,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

VSE Stock Down 2.6%

NASDAQ VSEC opened at $221.00 on Friday. The stock has a market capitalization of $6.20 billion, a P/E ratio of 70.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.23. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The stock has a fifty day moving average of $216.03 and a 200-day moving average of $202.16.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.82. The business had revenue of $449.14 million for the quarter, compared to analyst estimates of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%.The firm’s revenue for the quarter was up 65.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. On average, equities research analysts forecast that VSE Corporation will post 5.78 EPS for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s dividend payout ratio is presently 12.82%.

Insider Transactions at VSE

In other news, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the sale, the chief executive officer owned 169,537 shares in the company, valued at $41,111,027.13. The trade was a 9.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Benjamin E. Thomas sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VSEC. Morgan Stanley set a $230.00 price target on VSE in a report on Wednesday, July 15th. Stifel Nicolaus increased their price objective on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada upped their target price on shares of VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $252.22.

VSE Company Profile

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.