Lisanti Capital Growth LLC Sells 6,280 Shares of VSE Corporation $VSEC

Lisanti Capital Growth LLC lowered its stake in VSE Corporation (NASDAQ:VSEC) by 28.9% during the third quarter, HoldingsChannel reports. The firm owned 15,474 shares of the construction company’s stock after selling 6,280 shares during the period. Lisanti Capital Growth LLC’s holdings in VSE were worth $2,549,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new stake in VSE during the third quarter valued at about $52,000. Allspring Global Investments Holdings LLC increased its position in shares of VSE by 6.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,178 shares of the construction company’s stock worth $350,000 after acquiring an additional 130 shares in the last quarter. Ethic Inc. increased its position in shares of VSE by 31.7% in the third quarter. Ethic Inc. now owns 9,572 shares of the construction company’s stock worth $1,577,000 after acquiring an additional 2,305 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of VSE by 5.6% during the third quarter. Pictet Asset Management Holding SA now owns 4,312 shares of the construction company’s stock valued at $710,000 after acquiring an additional 227 shares during the period. Finally, CenterBook Partners LP raised its holdings in shares of VSE by 98.2% during the third quarter. CenterBook Partners LP now owns 21,057 shares of the construction company’s stock valued at $3,468,000 after acquiring an additional 10,434 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

VSEC stock opened at $191.94 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.24 and a current ratio of 3.63. The stock has a market cap of $5.39 billion, a P/E ratio of 43.43, a P/E/G ratio of 0.76 and a beta of 1.26. The firm has a 50 day simple moving average of $171.95 and a 200 day simple moving average of $194.73. VSE Corporation has a 52 week low of $138.85 and a 52 week high of $247.85.

VSE (NASDAQ:VSEC) last released its quarterly earnings data on Wednesday, November 4th. The construction company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.25. VSE had a net margin of 7.87% and a return on equity of 7.10%. The firm had revenue of $541.01 million for the quarter, compared to analyst estimates of $512.13 million. During the same quarter in the prior year, the business earned $0.99 EPS. The company’s revenue for the quarter was up 91.2% compared to the same quarter last year. Research analysts anticipate that VSE Corporation will post 6.72 earnings per share for the current fiscal year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, January 15th. VSE’s payout ratio is currently 9.05%.

Insider Activity at VSE

In other news, CEO John Cuomo sold 17,500 shares of the company’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 3rd. Weiss Ratings upgraded shares of VSE from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Citigroup restated a “buy” rating on shares of VSE in a report on Wednesday, October 7th. Royal Bank Of Canada increased their target price on VSE from $220.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Finally, KeyCorp initiated coverage on VSE in a research report on Thursday, October 22nd. They issued a “sector weight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $254.00.

About VSE

VSE is an aftermarket aviation services and parts provider. The company distributes replacement parts and supplies repair, maintenance, and other support services for commercial, business, and general aviation customers. Its aviation business works with airlines, aircraft operators, maintenance providers, and original equipment manufacturers to help keep aircraft and related components in service. VSE serves customers in the United States and international markets. Founded in 1959, VSE began as a provider of engineering and technical services to the U.S. government and later expanded into aviation aftermarket services.