VSE Co. (NASDAQ:VSEC) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC grew its position in VSE Co. (NASDAQ:VSEC) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,430 shares of the construction company’s stock after purchasing an additional 2,645 shares during the period. VSE makes up 0.7% of Legato Capital Management LLC’s holdings, making the stock its 14th biggest position. Legato Capital Management LLC’s holdings in VSE were worth $5,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VSEC. Allspring Global Investments Holdings LLC acquired a new stake in VSE in the 4th quarter valued at about $24,018,000. Stephens Investment Management Group LLC grew its position in shares of VSE by 7.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 182,673 shares of the construction company’s stock valued at $17,372,000 after purchasing an additional 12,592 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of VSE by 72.7% during the 4th quarter. Calamos Advisors LLC now owns 6,024 shares of the construction company’s stock worth $573,000 after purchasing an additional 2,535 shares in the last quarter. Jennison Associates LLC raised its position in shares of VSE by 12.7% during the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock worth $88,311,000 after purchasing an additional 104,868 shares during the last quarter. Finally, KFA Private Wealth Group LLC purchased a new stake in VSE in the 4th quarter valued at approximately $209,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

VSE Stock Down 0.3 %

Shares of NASDAQ:VSEC opened at $106.54 on Wednesday. VSE Co. has a 12-month low of $65.33 and a 12-month high of $123.92. The stock’s 50-day moving average price is $102.56 and its two-hundred day moving average price is $98.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.69 and a quick ratio of 1.15.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were issued a $0.10 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial dropped their price target on VSE from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Tuesday, January 28th. Finally, B. Riley boosted their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.83.

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.