AJOVista LLC Purchases New Stake in VSE Co. (NASDAQ:VSEC)

AJOVista LLC purchased a new stake in shares of VSE Co. (NASDAQ:VSEC) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,155 shares of the construction company’s stock, valued at approximately $75,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its position in VSE by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 25,093 shares of the construction company’s stock valued at $1,621,000 after buying an additional 710 shares during the period. Russell Investments Group Ltd. lifted its holdings in VSE by 11.7% during the fourth quarter. Russell Investments Group Ltd. now owns 80,644 shares of the construction company’s stock valued at $5,210,000 after purchasing an additional 8,471 shares during the last quarter. Simplex Trading LLC purchased a new stake in VSE during the fourth quarter valued at about $199,000. Bfsg LLC purchased a new stake in VSE during the fourth quarter valued at about $41,000. Finally, Jennison Associates LLC lifted its holdings in VSE by 12.7% during the fourth quarter. Jennison Associates LLC now owns 495,902 shares of the construction company’s stock valued at $32,040,000 after purchasing an additional 55,714 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Trading Up 3.1 %

Shares of NASDAQ VSEC traded up $2.51 during midday trading on Friday, reaching $82.90. The company had a trading volume of 182,587 shares, compared to its average volume of 71,596. The stock has a market cap of $1.31 billion, a PE ratio of 34.54 and a beta of 1.68. VSE Co. has a one year low of $45.37 and a one year high of $83.14. The firm’s fifty day moving average price is $77.32 and its 200-day moving average price is $66.93. The company has a quick ratio of 0.95, a current ratio of 2.70 and a debt-to-equity ratio of 0.66.

VSE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio is presently 16.67%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Truist Financial upped their price objective on shares of VSE from $77.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. StockNews.com cut shares of VSE from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Finally, Benchmark reiterated a “buy” rating and issued a $85.00 target price on shares of VSE in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.25.

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.