Zimmer Partners LP Makes New Investment in VSE Co. (NASDAQ:VSEC)

Zimmer Partners LP acquired a new stake in shares of VSE Co. (NASDAQ:VSEC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 35,000 shares of the construction company’s stock, valued at approximately $3,328,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of VSE by 52.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,026,164 shares of the construction company’s stock valued at $192,689,000 after acquiring an additional 698,642 shares during the last quarter. Capital Research Global Investors increased its stake in VSE by 16.8% during the fourth quarter. Capital Research Global Investors now owns 1,794,069 shares of the construction company’s stock worth $170,616,000 after acquiring an additional 258,674 shares during the last quarter. Vanguard Group Inc. raised its position in VSE by 20.5% during the fourth quarter. Vanguard Group Inc. now owns 1,071,545 shares of the construction company’s stock valued at $101,904,000 after purchasing an additional 182,465 shares during the period. Jennison Associates LLC lifted its stake in shares of VSE by 12.7% in the 4th quarter. Jennison Associates LLC now owns 928,617 shares of the construction company’s stock valued at $88,311,000 after purchasing an additional 104,868 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of VSE by 63.4% in 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. Institutional investors own 91.54% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anita D. Britt sold 2,869 shares of VSE stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $129.38, for a total transaction of $371,191.22. Following the completion of the sale, the director now owns 3,837 shares of the company’s stock, valued at approximately $496,431.06. The trade was a 42.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

VSEC has been the subject of several recent analyst reports. StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised their target price on shares of VSE from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Truist Financial upped their price target on shares of VSE from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Finally, B. Riley increased their price objective on shares of VSE from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.17.

VSE Stock Performance

VSEC stock opened at $131.27 on Wednesday. VSE Co. has a twelve month low of $73.36 and a twelve month high of $139.51. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 164.09 and a beta of 1.34. The business’s fifty day simple moving average is $118.27 and its two-hundred day simple moving average is $110.78. The company has a quick ratio of 1.15, a current ratio of 3.69 and a debt-to-equity ratio of 0.53.

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

VSE Dividend Announcement

The business 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. The ex-dividend date is Wednesday, July 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. VSE’s dividend payout ratio is currently 50.00%.

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.