Lord Abbett & CO. LLC Has $18.54 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Lord Abbett & CO. LLC increased its stake in VSE Co. (NASDAQ:VSEC) by 24.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,148 shares of the construction company’s stock after acquiring an additional 44,662 shares during the quarter. Lord Abbett & CO. LLC owned about 1.10% of VSE worth $18,544,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VSEC. Charles Schwab Investment Management Inc. lifted its position in shares of VSE by 14.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 163,310 shares of the construction company’s stock worth $13,511,000 after purchasing an additional 20,114 shares during the period. Intech Investment Management LLC acquired a new stake in shares of VSE during the third quarter worth $394,000. Wisconsin Capital Management LLC raised its stake in VSE by 14.9% during the third quarter. Wisconsin Capital Management LLC now owns 58,172 shares of the construction company’s stock worth $4,813,000 after buying an additional 7,522 shares during the last quarter. Jennison Associates LLC lifted its holdings in VSE by 3.8% in the third quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock valued at $68,149,000 after buying an additional 29,811 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in VSE by 43.9% during the third quarter. The Manufacturers Life Insurance Company now owns 7,557 shares of the construction company’s stock valued at $625,000 after acquiring an additional 2,307 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

VSE Trading Down 0.8 %

NASDAQ VSEC opened at $108.21 on Monday. VSE Co. has a 52 week low of $57.10 and a 52 week high of $123.92. The business has a 50 day moving average price of $108.34 and a 200-day moving average price of $94.03. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 33.57 and a beta of 1.57.

VSE (NASDAQ:VSEC) last posted its earnings results on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. VSE had a net margin of 1.36% and a return on equity of 7.26%. The company had revenue of $273.61 million for the quarter, compared to analyst estimates of $270.88 million. During the same quarter in the prior year, the business posted $0.92 EPS. As a group, equities analysts expect that VSE Co. will post 2.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VSEC. StockNews.com raised VSE to a “sell” rating in a research report on Monday, December 9th. Royal Bank of Canada boosted their price target on VSE from $125.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Jefferies Financial Group increased their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. B. Riley lifted their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Truist Financial increased their target price on shares of VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.50.

VSE Company 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.