10,434 VSE Corporation $VSEC Shares Acquired by CenterBook Partners LP

CenterBook Partners LP boosted its holdings in VSE Corporation (NASDAQ:VSEC) by 98.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,057 shares of the construction company’s stock after acquiring an additional 10,434 shares during the quarter. CenterBook Partners LP’s holdings in VSE were worth $3,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Emerald Advisers LLC grew its holdings in VSE by 12.6% during the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock worth $58,047,000 after acquiring an additional 35,246 shares during the period. Emerald Mutual Fund Advisers Trust raised its position in shares of VSE by 16.4% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after acquiring an additional 27,563 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of VSE during the 2nd quarter valued at $44,103,000. American Capital Management Inc. acquired a new position in shares of VSE in the 2nd quarter valued at $29,461,000. Finally, Conestoga Capital Advisors LLC acquired a new position in shares of VSE in the 3rd quarter valued at $21,218,000. 91.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other VSE news, CEO John Cuomo sold 17,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the transaction, the chief executive officer directly owned 169,537 shares of the company’s stock, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

VSE Trading Up 4.9%

Shares of NASDAQ VSEC opened at $172.81 on Friday. The company’s fifty day moving average is $173.04 and its 200-day moving average is $195.06. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 0.71 and a beta of 1.26. VSE Corporation has a twelve month low of $138.85 and a twelve month high of $247.85. The company has a quick ratio of 1.30, a current ratio of 3.63 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, November 4th. The construction company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.25. VSE had a net margin of 7.87% and a return on equity of 7.10%. The company had revenue of $541.01 million during the quarter, compared to analyst estimates of $512.13 million. During the same quarter in the previous year, the business earned $0.99 EPS. The firm’s revenue was up 91.2% on a year-over-year basis. Equities research analysts predict that VSE Corporation will post 6.72 EPS for the current year.

VSE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s payout ratio is currently 9.05%.

Analyst Ratings Changes

Several research firms have recently issued reports on VSEC. Citigroup restated a “buy” rating on shares of VSE in a research report on Wednesday, October 7th. Guggenheim initiated coverage on VSE in a report on Monday, September 14th. They issued a “neutral” rating for the company. KeyCorp started coverage on VSE in a research note on Thursday, October 22nd. They issued a “sector weight” rating on the stock. Morgan Stanley cut their target price on VSE from $245.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of VSE in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $254.00.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.