Primecap Management Co. CA Takes Position in VSE Co. (NASDAQ:VSEC)

Primecap Management Co. CA bought a new position in shares of VSE Co. (NASDAQ:VSEC) during the 3rd quarter, Holdings Channel.com reports. The firm bought 133,152 shares of the construction company’s stock, valued at approximately $11,016,000.

A number of other hedge funds have also recently added to or reduced their stakes in VSEC. Innealta Capital LLC acquired a new stake in shares of VSE in the second quarter worth approximately $42,000. US Bancorp DE raised its stake in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares during the period. Archer Investment Corp acquired a new position in shares of VSE in the 2nd quarter valued at $247,000. Park Avenue Securities LLC increased its holdings in shares of VSE by 13.8% during the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after buying an additional 464 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of VSE during the 3rd quarter worth $394,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at VSE

In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 492,284 shares of the company’s stock, valued at approximately $44,256,331.60. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.60% of the company’s stock.

VSE Stock Up 2.4 %

Shares of NASDAQ:VSEC opened at $116.98 on Friday. The company has a 50 day moving average of $98.72 and a two-hundred day moving average of $89.78. VSE Co. has a 52-week low of $57.10 and a 52-week high of $123.92. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 35.16 and a beta of 1.56.

VSE (NASDAQ:VSEC) last released its quarterly earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, analysts forecast that VSE Co. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on VSEC. StockNews.com raised VSE to a “sell” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of VSE from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group boosted their price objective on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Truist Financial raised their target price on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to MarketBeat, VSE has a consensus rating of “Moderate Buy” and an average price target of $116.83.

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.