VSE Co. (NASDAQ:VSEC) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in shares of VSE Co. (NASDAQ:VSEC) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 823,749 shares of the construction company’s stock after acquiring an additional 29,811 shares during the quarter. Jennison Associates LLC’s holdings in VSE were worth $68,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of VSE during the 2nd quarter worth $42,000. US Bancorp DE boosted 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 buying an additional 2,384 shares during the period. Archer Investment Corp acquired a new stake in shares of VSE during the second quarter valued at about $247,000. Park Avenue Securities LLC raised its stake in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after acquiring an additional 464 shares during the period. Finally, Arizona State Retirement System increased its holdings in VSE by 22.9% in the 2nd quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock valued at $399,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares in the company, valued at $42,543,369.72. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 14.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VSEC shares. Royal Bank of Canada boosted their price target on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Truist Financial upped their price objective on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $100.00 price objective on shares of VSE in a research note on Friday, August 2nd. Finally, B. Riley boosted their target price on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $114.81 on Thursday. VSE Co. has a one year low of $57.10 and a one year high of $123.92. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 35.50 and a beta of 1.56. The company has a 50-day simple moving average of $98.15 and a 200-day simple moving average of $89.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. VSE had a return on equity of 7.26% and a net margin of 1.36%. The firm had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. During the same period in the prior year, the business earned $0.92 EPS. On average, analysts predict that VSE Co. will post 2.9 EPS for the current year.

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.