Emerald Investment Advisers LLC Invests $5.47 Million in VSE Corporation $VSEC

Emerald Investment Advisers LLC purchased a new stake in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 23,955 shares of the construction company’s stock, valued at approximately $5,474,000.

Several other large investors have also made changes to their positions in the company. Allworth Financial LP acquired a new position in VSE in the second quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in VSE by 89.0% in the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in VSE by 145.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after acquiring an additional 153 shares during the last quarter. Global Retirement Partners LLC bought a new stake in VSE in the second quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC grew its position in VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock worth $381,000 after acquiring an additional 323 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Insider Buying and Selling at VSE

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley set a $230.00 price target on shares of VSE in a report on Wednesday, July 15th. B. Riley Financial reiterated a “buy” rating on shares of VSE in a report on Friday, August 7th. Royal Bank Of Canada increased 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. Truist Financial raised shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Citigroup raised their target price on VSE from $263.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.22.

VSE Stock Up 1.4%

Shares of VSE stock opened at $217.58 on Friday. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $214.92 and a two-hundred day moving average price of $201.36. The stock has a market capitalization of $6.10 billion, a P/E ratio of 69.74, a PEG ratio of 1.03 and a beta of 1.23.

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

VSE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be paid a $0.10 dividend. 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 (DPR) is presently 12.82%.

About VSE

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.