Expect Equity LLC Invests $3.11 Million in VSE Corporation $VSEC

Expect Equity LLC bought a new stake in shares of VSE Corporation (NASDAQ:VSEC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 13,617 shares of the construction company’s stock, valued at approximately $3,111,000. VSE makes up about 2.0% of Expect Equity LLC’s holdings, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VSEC. Allworth Financial LP purchased a new stake in VSE in the 2nd quarter worth $29,000. GAMMA Investing LLC raised its position in VSE by 89.0% during the second quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock worth $63,000 after acquiring an additional 130 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 153 shares in the last quarter. Global Retirement Partners LLC purchased a new position in VSE during the second quarter valued at $51,000. Finally, Farther Finance Advisors LLC grew its position in shares of VSE by 17.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,207 shares of the construction company’s stock valued at $381,000 after purchasing an additional 323 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

VSEC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada raised their price target on shares of VSE from $240.00 to $265.00 and gave the company 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. Stifel Nicolaus boosted their price objective on 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 target price on VSE in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.22.

VSE Trading Up 1.2%

Shares of VSEC opened at $217.65 on Wednesday. VSE Corporation has a 52-week low of $154.67 and a 52-week high of $247.85. The stock has a market cap of $6.11 billion, a PE ratio of 69.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.23. The firm’s fifty day moving average is $215.62 and its two-hundred day moving average is $201.74. The company has a quick ratio of 1.30, a current ratio of 3.77 and a debt-to-equity ratio of 0.31.

VSE (NASDAQ:VSEC) last issued its earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS 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 analysts’ expectations of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company’s quarterly revenue was up 65.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. Research analysts forecast that VSE Corporation will post 5.78 earnings per share for the current fiscal year.

VSE Dividend Announcement

The firm 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 dividend of $0.10 per share. 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 is currently 12.82%.

Insider Transactions at VSE

In other news, CEO John A. Cuomo sold 17,500 shares of the business’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. The trade was a 9.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were 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. This trade represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is currently owned by corporate insiders.

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.