VSE Corporation (NASDAQ:VSEC) Short Interest Down 19.4% in January

VSE Corporation (NASDAQ:VSEC) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,617,919 shares, a drop of 19.4% from the January 15th total of 2,006,688 shares. Based on an average daily volume of 256,221 shares, the days-to-cover ratio is presently 6.3 days. Approximately 7.2% of the company’s shares are short sold. Approximately 7.2% of the company’s shares are short sold. Based on an average daily volume of 256,221 shares, the days-to-cover ratio is presently 6.3 days.

VSE Trading Down 0.1%

Shares of NASDAQ VSEC opened at $202.66 on Friday. VSE has a 1-year low of $91.55 and a 1-year high of $225.00. The business has a fifty day moving average price of $192.59 and a 200 day moving average price of $175.74. The stock has a market capitalization of $4.67 billion, a P/E ratio of 298.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.94 and a quick ratio of 1.41.

VSE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, January 15th. VSE’s dividend payout ratio (DPR) is 58.82%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VSEC shares. Citigroup lifted their price objective on shares of VSE from $215.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. B. Riley Financial boosted their price target on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Royal Bank Of Canada upped their target price on VSE from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, Truist Financial set a $222.00 price target on VSE in a research report on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in VSE by 145.7% during the 4th 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in VSE during the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC increased its stake in VSE by 17.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after purchasing an additional 323 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of VSE by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock worth $1,258,000 after buying an additional 470 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of VSE by 47.4% during the fourth quarter. Handelsbanken Fonder AB now owns 5,600 shares of the construction company’s stock valued at $968,000 after buying an additional 1,800 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.