VSE (NASDAQ:VSEC) Reaches New 12-Month High – What’s Next?

VSE Co. (NASDAQ:VSEC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $114.12 and last traded at $111.32, with a volume of 19418 shares traded. The stock had previously closed at $106.31.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Truist Financial increased their target price on VSE from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Benchmark restated a “buy” rating and issued a $100.00 price target on shares of VSE in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $107.83.

VSE Trading Up 9.7 %

The company’s 50-day moving average is $91.62 and its 200 day moving average is $86.67. The company has a quick ratio of 1.17, a current ratio of 3.53 and a debt-to-equity ratio of 0.55. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 31.69 and a beta of 1.56.

Insider Activity

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $89.90, for a total transaction of $836,070.00. Following the completion of the transaction, the insider now directly owns 492,284 shares in the company, valued at approximately $44,256,331.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.60% of the company’s stock.

Hedge Funds Weigh In On VSE

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors purchased a new stake in shares of VSE during the 1st quarter valued at approximately $81,623,000. AltraVue Capital LLC acquired a new position in shares of VSE in the 2nd quarter valued at $48,343,000. Allspring Global Investments Holdings LLC purchased a new position in shares of VSE during the 2nd quarter worth $10,326,000. Hennessy Advisors Inc. acquired a new stake in shares of VSE during the 2nd quarter worth about $9,388,000. Finally, Ghisallo Capital Management LLC purchased a new stake in VSE in the 2nd quarter valued at about $4,414,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

About VSE

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators.