Susquehanna Fundamental Investments LLC Raises Stake in VSE Corporation $VSEC

Susquehanna Fundamental Investments LLC boosted its stake in shares of VSE Corporation (NASDAQ:VSEC) by 956.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,536 shares of the construction company’s stock after buying an additional 33,983 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.13% of VSE worth $8,577,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in VSE in the second quarter worth about $25,000. Allworth Financial LP bought a new position in shares of VSE during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in shares of VSE by 89.0% during the 2nd quarter. GAMMA Investing LLC now owns 276 shares of the construction company’s stock valued at $63,000 after acquiring an additional 130 shares during the period. Transamerica Financial Advisors LLC purchased a new stake in shares of VSE during the 2nd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of VSE by 145.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 258 shares of the construction company’s stock worth $45,000 after purchasing an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

Shares of VSEC stock opened at $215.82 on Monday. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of 69.17, a PEG ratio of 1.03 and a beta of 1.23. The company’s fifty day simple moving average is $215.97 and its two-hundred day simple moving average is $202.23. VSE Corporation has a 1 year low of $154.67 and a 1 year high of $247.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.77 and a quick ratio of 1.30.

VSE (NASDAQ:VSEC) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.82. The firm had revenue of $449.14 million during the quarter, compared to analyst estimates of $425.03 million. VSE had a return on equity of 6.71% and a net margin of 6.17%.The business’s revenue for the quarter was up 65.0% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. As a group, analysts anticipate that VSE Corporation will post 5.78 earnings per share for the current year.

VSE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th will be paid a $0.10 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio (DPR) is currently 12.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VSEC shares. Royal Bank Of Canada upped their price objective on VSE from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on VSE from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded VSE from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $275.00 price target on shares of VSE in a research report on Sunday, August 9th. Finally, Stifel Nicolaus increased their price target on VSE from $245.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.22.

Insider Activity

In other VSE news, CEO John A. Cuomo sold 17,500 shares of VSE stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $242.49, for a total transaction of $4,243,575.00. Following the completion of the transaction, the chief executive officer owned 169,537 shares of the company’s stock, valued at $41,111,027.13. The trade was a 9.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Benjamin E. Thomas sold 6,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $196.82, for a total value of $1,279,330.00. Following the sale, the chief operating officer owned 42,839 shares in the company, valued at approximately $8,431,571.98. This represents a 13.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.80% of the stock is owned by company insiders.

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.