Seelaus Asset Management LLC Trims Stock Holdings in VSE Co. (NASDAQ:VSEC)

Seelaus Asset Management LLC lowered its position in shares of VSE Co. (NASDAQ:VSEC) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,205 shares of the construction company’s stock after selling 400 shares during the period. Seelaus Asset Management LLC’s holdings in VSE were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in VSE by 4.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after acquiring an additional 134 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of VSE by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock valued at $463,000 after purchasing an additional 320 shares during the last quarter. Park Avenue Securities LLC grew 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 worth $316,000 after buying an additional 464 shares during the last quarter. Millrace Asset Group Inc. increased its position in VSE by 4.3% during the 3rd quarter. Millrace Asset Group Inc. now owns 23,364 shares of the construction company’s stock valued at $1,933,000 after buying an additional 956 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in VSE by 17.7% in the third quarter. JPMorgan Chase & Co. now owns 7,021 shares of the construction company’s stock worth $581,000 after acquiring an additional 1,058 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

Shares of VSEC stock opened at $105.68 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15. The firm has a fifty day moving average price of $102.92 and a 200-day moving average price of $97.86. VSE Co. has a 1 year low of $65.29 and a 1 year high of $123.92.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million for the quarter, compared to analysts’ expectations of $270.88 million. VSE had a return on equity of 7.26% and a net margin of 1.36%. During the same period in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts anticipate that VSE Co. will post 2.96 earnings per share for the current year.

VSE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Thursday, January 23rd.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VSEC. Royal Bank of Canada upped their price target on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. B. Riley upped their target price on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com raised shares of VSE to a “sell” rating in a research report on Tuesday, January 28th. Truist Financial lowered their price objective on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group upped their price target on VSE from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.83.

VSE Profile

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.