New York State Common Retirement Fund Purchases 58,805 Shares of VSE Corporation $VSEC

New York State Common Retirement Fund lifted its holdings in shares of VSE Corporation (NASDAQ:VSEC) by 31.2% during the third quarter, HoldingsChannel reports. The firm owned 247,417 shares of the construction company’s stock after acquiring an additional 58,805 shares during the quarter. New York State Common Retirement Fund’s holdings in VSE were worth $41,131,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VSEC. Emerald Mutual Fund Advisers Trust raised its holdings in shares of VSE by 2.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of VSE by 262.1% in the third quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock valued at $693,000 after buying an additional 3,017 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in VSE by 946.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after purchasing an additional 1,704 shares during the last quarter. Argent Capital Management LLC acquired a new stake in shares of VSE during the 3rd quarter worth about $887,000. Finally, Rhumbline Advisers lifted its position in VSE by 29.8% during the second quarter. Rhumbline Advisers now owns 32,625 shares of the construction company’s stock worth $4,273,000 after acquiring an additional 7,484 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

VSE Stock Performance

Shares of VSE stock opened at $218.57 on Friday. The business has a 50-day moving average price of $187.70 and a two-hundred day moving average price of $170.81. VSE Corporation has a 1-year low of $91.55 and a 1-year high of $225.00. The company has a current ratio of 3.94, a quick ratio of 1.41 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.04 billion, a P/E ratio of 321.43, a PEG ratio of 2.44 and a beta of 1.37.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th were issued a $0.10 dividend. The ex-dividend date was Thursday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio is presently 58.82%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Citigroup raised their price target on shares of VSE from $215.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VSE in a report on Monday, December 29th. Royal Bank Of Canada raised their price target on shares of VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft initiated coverage on VSE in a report on Friday, October 17th. They set a “buy” rating and a $195.00 price objective on the stock. Finally, B. Riley boosted their price target on VSE from $185.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, VSE has an average rating of “Moderate Buy” and an average target price of $212.57.

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.