VSE Co. (NASDAQ:VSEC) is Kendall Capital Management’s 7th Largest Position

Kendall Capital Management decreased its position in VSE Co. (NASDAQ:VSEC) by 21.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 70,650 shares of the construction company’s stock after selling 19,000 shares during the period. VSE accounts for 2.0% of Kendall Capital Management’s holdings, making the stock its 7th largest position. Kendall Capital Management’s holdings in VSE were worth $6,719,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VSEC. Sanctuary Advisors LLC purchased a new stake in shares of VSE in the 3rd quarter valued at approximately $155,000. KFA Private Wealth Group LLC purchased a new stake in shares of VSE in the 4th quarter valued at approximately $209,000. US Bancorp DE grew its stake in shares of VSE by 1,180.2% in the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after buying an additional 2,384 shares during the period. M&T Bank Corp acquired a new position in shares of VSE in the 4th quarter worth approximately $239,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock worth $274,000 after acquiring an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VSEC. StockNews.com upgraded shares of VSE to a “sell” rating in a report on Thursday. Royal Bank of Canada upped their price objective on shares of VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Truist Financial upped their price objective on shares of VSE from $129.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $118.67.

VSE Price Performance

VSE stock opened at $116.32 on Friday. The firm has a market cap of $2.40 billion, a PE ratio of 140.14 and a beta of 1.62. VSE Co. has a 52-week low of $73.36 and a 52-week high of $123.92. 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’s 50 day moving average is $102.18 and its two-hundred day moving average is $100.67.

VSE (NASDAQ:VSEC) last released its earnings results on Wednesday, February 26th. The construction company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $299.02 million for the quarter, compared to analyst estimates of $289.97 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. On average, research analysts expect that VSE Co. will post 2.96 EPS for the current fiscal year.

VSE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. VSE’s payout ratio is 48.19%.

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.