Kendall Capital Management Makes New Investment in VSE Corporation $VSEC

Kendall Capital Management bought a new position in VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 32,190 shares of the construction company’s stock, valued at approximately $7,355,000. VSE accounts for 1.2% of Kendall Capital Management’s portfolio, making the stock its 17th largest position. Kendall Capital Management owned approximately 0.11% of VSE at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VSEC. Bank of New York Mellon Corp acquired a new position in shares of VSE during the second quarter worth about $44,103,000. Emerald Advisers LLC lifted its position in VSE by 12.6% in the first quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after purchasing an additional 35,246 shares during the period. Goldman Sachs Group Inc. lifted its position in VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares during the period. Deutsche Bank AG purchased a new stake in VSE in the 2nd quarter valued at approximately $6,782,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in VSE by 16.4% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 195,915 shares of the construction company’s stock valued at $36,127,000 after purchasing an additional 27,563 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Activity at VSE

In related news, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction on Monday, August 17th. The stock was sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the transaction, the chief executive officer directly owned 169,537 shares of the company’s stock, valued at approximately $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Benjamin E. Thomas sold 6,500 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 42,839 shares in the company, valued at approximately $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company’s stock.

VSE Stock Up 1.4%

VSEC stock opened at $217.58 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 company’s 50-day moving average price is $214.92 and its 200 day moving average price is $201.36. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85. The company has a market cap of $6.11 billion, a P/E ratio of 69.74, a P/E/G ratio of 1.04 and a beta of 1.23.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 earnings per share (EPS) 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 company had revenue of $449.14 million during the quarter, compared to analysts’ expectations of $425.03 million. During the same period last year, the company posted $0.97 earnings per share. The firm’s quarterly revenue was up 65.0% compared to the same quarter last year. On average, research analysts expect that VSE Corporation will post 5.78 earnings per share for the current fiscal year.

VSE Dividend Announcement

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

Wall Street Analyst Weigh In

VSEC has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research cut VSE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. 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. Morgan Stanley set a $230.00 price objective on VSE in a report on Wednesday, July 15th. Finally, Citigroup increased their price objective on VSE from $263.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, VSE presently has a consensus rating of “Moderate Buy” and an average price target of $252.22.

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.