Osterweis Capital Management Inc. Buys Shares of 71,699 VSE Corporation $VSEC

Osterweis Capital Management Inc. purchased a new position in shares of VSE Corporation (NASDAQ:VSEC) in the 2nd quarter, Holdings Channel reports. The firm purchased 71,699 shares of the construction company’s stock, valued at approximately $16,383,000.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of VSE by 34.2% during the first quarter. Royal Bank of Canada now owns 13,139 shares of the construction company’s stock valued at $1,576,000 after acquiring an additional 3,350 shares during the last quarter. AQR Capital Management LLC acquired a new position in VSE in the 1st quarter valued at about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in VSE by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,485 shares of the construction company’s stock valued at $1,258,000 after purchasing an additional 470 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in VSE by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,390 shares of the construction company’s stock valued at $41,563,000 after purchasing an additional 32,489 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 worth $6,050,000 after purchasing an additional 18,220 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Insider Activity at VSE

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

VSE Stock Down 1.2%

Shares of NASDAQ:VSEC opened at $215.00 on Tuesday. The company has a current ratio of 3.77, a quick ratio of 1.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 68.91, a PEG ratio of 1.04 and a beta of 1.23. The stock’s 50-day moving average price is $215.25 and its two-hundred day moving average price is $201.58. VSE Corporation has a 12-month low of $154.67 and a 12-month high of $247.85.

VSE (NASDAQ:VSEC) last posted its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.82. The company had revenue of $449.14 million during the quarter, compared to the consensus estimate of $425.03 million. VSE had a net margin of 6.17% and a return on equity of 6.71%. The company’s quarterly revenue was up 65.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, research analysts forecast that VSE Corporation will post 5.78 EPS for the current year.

VSE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.2%. VSE’s dividend payout ratio is 12.82%.

Analyst Ratings Changes

A number of brokerages have recently commented on VSEC. Jefferies Financial Group reiterated a “buy” rating and set a $275.00 price target on shares of VSE in a report on Sunday, August 9th. Zacks Research downgraded shares of VSE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Truist Financial upgraded shares of VSE to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of VSE from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus boosted their price target on VSE from $245.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.22.

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.