Susquehanna Fundamental Investments LLC Raises Position in VSE Corporation $VSEC

Susquehanna Fundamental Investments LLC boosted its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 956.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,536 shares of the construction company’s stock after buying an additional 33,983 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in VSE were worth $8,577,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in VSE by 10.4% during the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after buying an additional 32,489 shares in the last quarter. Emerald Advisers LLC raised its holdings in shares of VSE by 12.6% in the 1st quarter. Emerald Advisers LLC now owns 314,789 shares of the construction company’s stock valued at $58,047,000 after acquiring an additional 35,246 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of VSE by 11.1% during the 4th quarter. New York State Common Retirement Fund now owns 274,865 shares of the construction company’s stock valued at $47,488,000 after acquiring an additional 27,448 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of VSE by 16.4% during 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 acquiring an additional 27,563 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of VSE during the second quarter worth about $44,103,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $215.82 on Monday. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31. The stock has a market cap of $6.06 billion, a PE ratio of 69.17, a PEG ratio of 1.03 and a beta of 1.23. The company’s fifty day moving average is $215.97 and its 200 day moving average is $202.23. VSE Corporation has a 52 week low of $154.67 and a 52 week high of $247.85.

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

VSE Dividend Announcement

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

Insider Activity

In related news, 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 transaction, the chief executive officer directly owned 169,537 shares in the company, valued at $41,111,027.13. This trade represents a 9.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Benjamin E. Thomas sold 6,500 shares of VSE stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 42,839 shares in the company, valued at $8,431,571.98. This trade represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in 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. Zacks Research lowered shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. B. Riley Financial reiterated a “buy” rating on shares of VSE in a research report on Friday, August 7th. Stifel Nicolaus boosted 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. Finally, Morgan Stanley set a $230.00 price target on shares of VSE in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.