VSE Corporation $VSEC Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC cut its stake in VSE Corporation (NASDAQ:VSEC) by 31.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,964 shares of the construction company’s stock after selling 3,167 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in VSE were worth $1,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in shares of VSE during the second quarter worth about $25,000. Allworth Financial LP bought a new position in VSE in the 2nd quarter worth about $29,000. Transamerica Financial Advisors LLC acquired a new stake in shares of VSE in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 153 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of VSE during the second quarter worth approximately $51,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Price Performance

VSEC opened at $215.82 on Monday. VSE Corporation has a one year low of $154.67 and a one year high of $247.85. 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 $215.97 and its 200-day moving average is $202.23. The company has a market capitalization of $6.06 billion, a PE ratio of 69.17, a P/E/G ratio of 1.03 and a beta of 1.23.

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

VSE Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $275.00 target price on shares of VSE in a research note on Sunday, August 9th. Morgan Stanley set a $230.00 price objective on shares of VSE in a report on Wednesday, July 15th. Royal Bank Of Canada increased their target price on shares of VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price 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, Stifel Nicolaus upped their price target 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. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.22.

Insider Activity

In related news, COO Benjamin E. Thomas sold 6,500 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $196.82, for a total transaction of $1,279,330.00. Following the completion of the sale, the chief operating officer directly owned 42,839 shares of the company’s stock, valued at $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $4,243,575.00. Following the sale, the chief executive officer owned 169,537 shares of the company’s stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.80% of the company’s stock.

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.