VSE (NASDAQ:VSEC) Sees Strong Trading Volume – What’s Next?

VSE Corporation (NASDAQ:VSEC) shares saw strong trading volume on Tuesday . 1,355,857 shares traded hands during trading, an increase of 224% from the previous session’s volume of 418,733 shares.The stock last traded at $192.0490 and had previously closed at $190.93.

Analysts Set New Price Targets

Several research analysts have issued reports on VSEC shares. B. Riley increased their price target on VSE from $208.00 to $258.00 and gave the stock a “buy” rating in a report on Monday. Citigroup boosted their price target on shares of VSE from $215.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Truist Financial set a $222.00 price objective on shares of VSE in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Finally, Royal Bank Of Canada raised their price target on shares of VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.14.

VSE Stock Performance

The company’s 50 day simple moving average is $188.02 and its 200 day simple moving average is $171.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 3.94. The stock has a market cap of $4.49 billion, a PE ratio of 286.84, a price-to-earnings-growth ratio of 2.45 and a beta of 1.35.

VSE Announces Dividend

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

Institutional Investors Weigh In On VSE

A number of hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of VSE in the second quarter worth approximately $28,000. Farther Finance Advisors LLC increased its holdings 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 buying an additional 323 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of VSE by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after buying an additional 470 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of VSE during the 1st quarter worth $247,000. Finally, SG Americas Securities LLC grew its position in VSE by 262.1% in the third quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after acquiring an additional 3,017 shares in the last quarter. 91.54% of the stock is currently owned by 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.