WINTON GROUP Ltd Makes New $2.54 Million Investment in VSE Corporation $VSEC

WINTON GROUP Ltd acquired a new stake in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,140 shares of the construction company’s stock, valued at approximately $2,545,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VSEC. Allworth Financial LP grew its stake in shares of VSE by 158.0% in the second quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock valued at $29,000 after buying an additional 79 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in VSE in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in VSE by 89.0% in the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after acquiring an additional 130 shares during the period. Transamerica Financial Advisors LLC acquired a new stake in VSE in the second quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of VSE by 145.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock valued at $45,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley set a $230.00 target price on shares of VSE in a research note on Wednesday, July 15th. Citigroup lifted their price target on shares of VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Stifel Nicolaus raised their target price on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.22.

Insider Activity at VSE

In related news, CEO John Cuomo sold 17,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the sale, the chief executive officer owned 169,537 shares of the company’s stock, valued at $41,111,027.13. This represents a 9.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

VSE Stock Performance

VSEC stock opened at $194.98 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.47 billion, a P/E ratio of 62.49, a P/E/G ratio of 0.79 and a beta of 1.24. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The stock’s 50 day simple moving average is $211.35 and its 200 day simple moving average is $201.50.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping 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 firm had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. The firm’s revenue was up 65.0% on a year-over-year basis. As a group, equities research analysts predict that VSE Corporation will post 6.77 EPS for the current year.

VSE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. VSE’s payout ratio is 12.82%.

About VSE

VSE Corporation (NASDAQ: VSEC) is a diversified provider of aftermarket distribution, logistics, maintenance, repair and overhaul, and engineering services. The company primarily serves the U.S. government, commercial aviation operators, aerospace manufacturers, and fleet customers through specialized operating businesses.

VSE’s Federal and Defense operations support the U.S. Department of Defense and other government agencies with supply-chain management, equipment sustainment, modernization, engineering, and logistics services.