Wellington Management Group LLP Takes $13.16 Million Position in VSE Corporation $VSEC

Wellington Management Group LLP purchased a new position in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 57,611 shares of the construction company’s stock, valued at approximately $13,164,000. Wellington Management Group LLP owned approximately 0.21% of VSE as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in VSE in the 2nd quarter valued at approximately $44,103,000. American Capital Management Inc. purchased a new position in shares of VSE during the 2nd quarter worth approximately $29,461,000. Bamco Inc. NY purchased a new position in shares of VSE during the 2nd quarter worth approximately $22,888,000. Freestone Grove Partners LP acquired a new stake in shares of VSE in the 2nd quarter valued at approximately $18,721,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of VSE in the second quarter valued at approximately $16,383,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Price Performance

NASDAQ:VSEC opened at $203.91 on Tuesday. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 65.36, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company’s 50-day moving average is $213.95 and its two-hundred day moving average is $202.06. 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 posted its quarterly earnings data 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. The business had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company’s revenue was up 65.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 earnings per share. Research analysts expect that VSE Corporation will post 6.77 EPS for the current year.

VSE Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on VSEC shares. Zacks Research lowered VSE from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of VSE from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, July 20th. Royal Bank Of Canada upped their price target on shares of VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of VSE in a report on Friday, August 7th. Finally, Stifel Nicolaus raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, VSE has an average rating of “Moderate Buy” and a consensus price target of $252.22.

Insiders Place Their Bets

In other news, COO Benjamin E. Thomas sold 6,500 shares of VSE 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 completion of the sale, the chief operating officer owned 42,839 shares of the company’s stock, valued at $8,431,571.98. The trade was a 13.17% decrease in their ownership of the stock. The sale 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 VSE stock in a transaction on Monday, August 17th. The shares were sold at an average price of $242.49, for a total value of $4,243,575.00. Following the completion of the sale, the chief executive officer directly owned 169,537 shares of the company’s stock, valued at approximately $41,111,027.13. This represents a 9.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

VSE 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.