Deutsche Bank AG Buys New Stake in VSE Corporation $VSEC

Deutsche Bank AG bought a new stake in VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, HoldingsChannel reports. The fund bought 29,680 shares of the construction company’s stock, valued at approximately $6,782,000.

Other large investors have also made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of VSE during the 2nd quarter valued at $51,000. 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. GAMMA Investing LLC increased its position in VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after buying an additional 130 shares in the last quarter. Persistent Asset Partners Ltd purchased a new stake in VSE in the second quarter valued at about $90,000. Finally, State of Wyoming purchased a new stake in VSE in the second quarter valued at about $197,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $275.00 price objective on shares of VSE in a report on Sunday, August 9th. Stifel Nicolaus lifted their target price on shares of VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Truist Financial raised shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of VSE from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.22.

Insider Buying and Selling

In other news, CEO John A. Cuomo sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was 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 ownership of the stock. The transaction 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 VSE stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $196.82, for a total value of $1,279,330.00. Following the completion of the sale, the chief operating officer directly owned 42,839 shares in the company, valued at $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by corporate insiders.

VSE Stock Down 1.2%

VSEC stock opened at $215.00 on Tuesday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 68.91, a P/E/G ratio of 1.04 and a beta of 1.23. The firm has a 50-day simple moving average of $215.25 and a 200-day simple moving average of $201.58. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85.

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

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. VSE’s dividend payout ratio is presently 12.82%.

VSE Company Profile

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.