Corient Private Wealth LP Purchases Shares of 21,644 VSE Corporation $VSEC

Corient Private Wealth LP acquired a new position in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,644 shares of the construction company’s stock, valued at approximately $4,946,000.

Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of VSE in the 2nd quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in shares of VSE by 145.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of VSE during the 2nd quarter worth about $51,000. GAMMA Investing LLC increased its position in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after purchasing an additional 130 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new stake in shares of VSE during the 2nd quarter worth about $90,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at VSE

In other news, CEO John A. Cuomo sold 17,500 shares of the stock in a transaction 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 of the company’s stock, valued at $41,111,027.13. This represents a 9.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Benjamin E. Thomas sold 6,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer owned 42,839 shares in the company, valued at approximately $8,431,571.98. This trade represents a 13.17% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

VSE Price Performance

Shares of VSEC stock opened at $208.68 on Tuesday. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The firm’s 50 day moving average is $215.83 and its 200-day moving average is $202.21. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 66.88, a PEG ratio of 1.03 and a beta of 1.23. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last issued its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share for the quarter, beating 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 business had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. During the same quarter last year, the business posted $0.97 earnings per share. VSE’s revenue for the quarter was up 65.0% compared to the same quarter last year. Sell-side analysts forecast that VSE Corporation will post 5.78 EPS for the current fiscal year.

VSE Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their target price on shares of VSE from $245.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group reissued a “buy” rating and issued a $275.00 target price on shares of VSE in a report on Sunday, August 9th. Finally, Zacks Research lowered VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $252.22.

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.