Driehaus Capital Management LLC Makes New $15.70 Million Investment in VSE Co. (NASDAQ:VSEC)

Driehaus Capital Management LLC acquired a new stake in VSE Co. (NASDAQ:VSEC) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 165,035 shares of the construction company’s stock, valued at approximately $15,695,000.

Other hedge funds have also recently modified their holdings of the company. Durable Capital Partners LP increased its position in shares of VSE by 55.4% during the fourth quarter. Durable Capital Partners LP now owns 609,583 shares of the construction company’s stock valued at $57,971,000 after acquiring an additional 217,439 shares during the last quarter. Broad Bay Capital Management LP grew its stake in VSE by 2.7% in the 4th quarter. Broad Bay Capital Management LP now owns 260,943 shares of the construction company’s stock valued at $24,816,000 after purchasing an additional 6,909 shares during the period. AE Industrial Partners LP bought a new position in VSE in the 4th quarter valued at $14,945,000. Ameriprise Financial Inc. increased its position in shares of VSE by 63.4% during the 4th quarter. Ameriprise Financial Inc. now owns 716,168 shares of the construction company’s stock valued at $68,115,000 after purchasing an additional 277,971 shares during the last quarter. Finally, Advent International L.P. bought a new stake in shares of VSE during the 4th quarter worth $7,608,000. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday. B. Riley raised their price target on shares of VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com upgraded VSE to a “sell” rating in a research note on Thursday, March 6th. Finally, Truist Financial raised their target price on VSE from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $125.17.

VSE Stock Up 3.3 %

VSE stock opened at $131.43 on Friday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 158.35 and a beta of 1.34. The firm has a 50 day simple moving average of $115.77 and a 200 day simple moving average of $109.17. VSE Co. has a 1-year low of $73.36 and a 1-year high of $134.00. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE (NASDAQ:VSEC) last posted its earnings results on Tuesday, May 6th. The construction company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.23. VSE had a return on equity of 7.26% and a net margin of 1.36%. The business had revenue of $256.05 million during the quarter, compared to analyst estimates of $248.20 million. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 57.6% compared to the same quarter last year. On average, analysts predict that VSE Co. will post 2.96 earnings per share for the current year.

VSE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Wednesday, July 16th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. VSE’s dividend payout ratio is presently 48.19%.

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.