VSE Corporation $VSEC Stock Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 29.7% in the 3rd quarter, Holdings Channel reports. The fund owned 20,257 shares of the construction company’s stock after selling 8,568 shares during the period. Moody Aldrich Partners LLC’s holdings in VSE were worth $3,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VSEC. Allworth Financial LP increased its holdings in VSE by 158.0% during the 2nd quarter. Allworth Financial LP now owns 129 shares of the construction company’s stock worth $29,000 after purchasing an additional 79 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of VSE by 5.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,764 shares of the construction company’s stock valued at $291,000 after purchasing an additional 90 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of VSE during the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in shares of 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 during the last quarter. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of VSE during the 2nd quarter valued at approximately $32,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

VSE Stock Performance

VSEC stock opened at $146.11 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.30 and a current ratio of 3.77. The stock’s fifty day moving average is $181.35 and its two-hundred day moving average is $196.74. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 0.58 and a beta of 1.27. VSE Corporation has a 1 year low of $138.85 and a 1 year high of $247.85.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $425.03 million. During the same quarter in the prior year, the firm earned $0.97 EPS. VSE’s quarterly revenue was up 65.0% on a year-over-year basis. On average, research analysts predict that VSE Corporation will post 6.72 EPS for the current year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.3%. VSE’s dividend payout ratio (DPR) is presently 12.82%.

Insider Activity at VSE

In related news, CEO John Cuomo sold 17,500 shares of the firm’s stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VSEC has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $275.00 price target on shares of VSE in a research note on Sunday, August 9th. Citigroup reiterated a “buy” rating on shares of VSE in a research note on Wednesday, October 7th. KeyCorp assumed coverage on shares of VSE in a report on Thursday, October 22nd. They set a “sector weight” rating for the company. Zacks Research raised shares of VSE from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Royal Bank Of Canada dropped their target price on shares of VSE from $265.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, VSE has an average rating of “Moderate Buy” and an average target price of $253.38.

VSE Company Profile

VSE Corporation is a diversified provider of aftermarket distribution, maintenance, repair, overhaul, engineering, logistics and other sustainment services for government and commercial customers. The company supports complex assets and supply chains, with activities spanning aviation, defense, transportation and fleet markets.

Through its aviation businesses, VSE distributes aircraft parts and provides maintenance, repair and overhaul services for commercial, general aviation, business and government aircraft.