SG Americas Securities LLC Has $540,000 Stake in VSE Corporation $VSEC

SG Americas Securities LLC cut its position in shares of VSE Corporation (NASDAQ:VSEC) by 95.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,928 shares of the construction company’s stock after selling 56,714 shares during the quarter. SG Americas Securities LLC’s holdings in VSE were worth $540,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VSEC. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 153 shares during the period. Ellevest Inc. acquired a new stake in VSE during the 4th quarter worth about $323,000. AQR Capital Management LLC bought a new position in shares of VSE in the 1st quarter worth about $247,000. Farther Finance Advisors LLC raised its position in shares of VSE by 17.1% in the 4th 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. Finally, Handelsbanken Fonder AB lifted its stake in shares of VSE by 47.4% in the 4th quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at VSE

In other VSE news, 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 completion of the sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on VSEC shares. Citigroup restated a “buy” rating on shares of VSE in a research report on Wednesday, July 1st. Jefferies Financial Group set a $260.00 price target on VSE in a research note on Tuesday. Royal Bank Of Canada increased their price target on VSE from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $268.00 price objective on shares of VSE in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of VSE from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.44.

VSE Stock Performance

Shares of VSEC stock opened at $221.06 on Wednesday. The company has a current ratio of 8.78, a quick ratio of 6.24 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $192.92 and a two-hundred day simple moving average of $197.73. VSE Corporation has a 12 month low of $123.69 and a 12 month high of $240.56. The firm has a market capitalization of $6.20 billion, a PE ratio of 93.27, a price-to-earnings-growth ratio of 2.67 and a beta of 1.21.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Tuesday, May 5th. The construction company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.24. The firm had revenue of $324.58 million for the quarter, compared to analyst estimates of $309.19 million. VSE had a net margin of 4.95% and a return on equity of 6.56%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. Analysts forecast that VSE Corporation will post 4.29 EPS for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. VSE’s payout ratio is 16.88%.

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.