Fmr LLC trimmed its position in shares of VSE Co. (NASDAQ:VSEC) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,630,405 shares of the construction company’s stock after selling 1,760 shares during the quarter. Fmr LLC owned approximately 0.15% of VSE worth $48,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VSEC. Metropolitan Life Insurance Co. NY raised its holdings in VSE by 376.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,186 shares of the construction company’s stock worth $95,000 after purchasing an additional 2,518 shares during the period. Citigroup Inc. raised its holdings in VSE by 34.6% in the 4th quarter. Citigroup Inc. now owns 3,772 shares of the construction company’s stock worth $113,000 after purchasing an additional 969 shares during the period. Bank of America Corp DE raised its holdings in VSE by 7.0% in the 4th quarter. Bank of America Corp DE now owns 6,162 shares of the construction company’s stock worth $184,000 after purchasing an additional 401 shares during the period. MetLife Investment Advisors LLC raised its holdings in VSE by 60.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,708 shares of the construction company’s stock worth $222,000 after purchasing an additional 2,518 shares during the period. Finally, Marshall Wace LLP bought a new position in VSE in the 3rd quarter worth $264,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VSE stock opened at $33.30 on Thursday. VSE Co. has a one year low of $26.95 and a one year high of $53.19. The firm has a market capitalization of $354.23 million, a P/E ratio of 10.08 and a beta of 1.24. The company has a current ratio of 2.68, a quick ratio of 1.09 and a debt-to-equity ratio of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.08 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.32 dividend on an annualized basis and a yield of 0.96%.
Separately, BidaskClub raised VSE from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 29th.
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VSE Corporation operates as a diversified services and supply company in the United States. The company operates in three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.
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