Fred Alger Management LLC Grows Holdings in VSE Corporation $VSEC

Fred Alger Management LLC boosted its position in shares of VSE Corporation (NASDAQ:VSEC) by 26.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 394,499 shares of the construction company’s stock after acquiring an additional 81,788 shares during the period. Fred Alger Management LLC owned 1.71% of VSE worth $65,582,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its position in shares of VSE by 10.4% in the first quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock worth $41,563,000 after purchasing an additional 32,489 shares during the period. New York State Common Retirement Fund increased its stake in shares of VSE by 31.2% in the third quarter. New York State Common Retirement Fund now owns 247,417 shares of the construction company’s stock worth $41,131,000 after purchasing an additional 58,805 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its position in shares of VSE by 2.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 135,516 shares of the construction company’s stock valued at $22,528,000 after purchasing an additional 3,100 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of VSE by 56.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,422 shares of the construction company’s stock valued at $6,050,000 after buying an additional 18,220 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of VSE by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 32,625 shares of the construction company’s stock valued at $4,273,000 after buying an additional 7,484 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on VSEC. Truist Financial set a $222.00 target price on shares of VSE in a report on Friday, January 9th. Weiss Ratings restated a “hold (c)” rating on shares of VSE in a research report on Monday, December 29th. William Blair reaffirmed an “outperform” rating on shares of VSE in a research note on Thursday. Citigroup increased their target price on VSE from $233.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada lifted their target price on VSE from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average target price of $233.71.

VSE Price Performance

Shares of NASDAQ:VSEC opened at $194.94 on Monday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 219.03, a P/E/G ratio of 1.76 and a beta of 1.34. The firm has a fifty day moving average price of $209.98 and a 200 day moving average price of $183.94. VSE Corporation has a fifty-two week low of $100.53 and a fifty-two week high of $231.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 3.76.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Wednesday, February 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.28. VSE had a net margin of 1.84% and a return on equity of 7.60%. The company had revenue of $301.18 million for the quarter, compared to the consensus estimate of $289.55 million. During the same period in the previous year, the firm posted $0.63 EPS. VSE’s revenue for the quarter was up 32.4% compared to the same quarter last year. As a group, sell-side analysts expect that VSE Corporation will post 2.96 earnings per share for the current fiscal year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, April 15th. VSE’s payout ratio is currently 44.94%.

About VSE

VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.

Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.