Seelaus Asset Management LLC Sells 630 Shares of VSE Co. (NASDAQ:VSEC)

Seelaus Asset Management LLC lowered its stake in shares of VSE Co. (NASDAQ:VSEC) by 19.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,605 shares of the construction company’s stock after selling 630 shares during the period. Seelaus Asset Management LLC’s holdings in VSE were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of VSE during the 2nd quarter worth approximately $42,000. US Bancorp DE grew its holdings in VSE by 1,180.2% in the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after purchasing an additional 2,384 shares during the last quarter. Archer Investment Corp purchased a new stake in shares of VSE during the 2nd quarter valued at $247,000. Park Avenue Securities LLC raised its stake in VSE by 13.8% in the third quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after buying an additional 464 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in VSE by 22.9% in the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after acquiring an additional 842 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

VSE Stock Performance

NASDAQ:VSEC opened at $115.34 on Friday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 36.14 and a beta of 1.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.15 and a current ratio of 3.69. VSE Co. has a fifty-two week low of $57.10 and a fifty-two week high of $123.92. The company has a 50 day moving average price of $96.26 and a 200 day moving average price of $88.81.

VSE (NASDAQ:VSEC) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $273.61 million during the quarter, compared to analysts’ expectations of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities research analysts forecast that VSE Co. will post 2.9 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on VSEC shares. Truist Financial lifted 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. B. Riley lifted their price objective on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of VSE in a research report on Friday, August 2nd. Royal Bank of Canada raised their target price on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com raised VSE to a “sell” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.83.

Insider Transactions at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 9,300 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the transaction, the insider now owns 492,284 shares of the company’s stock, valued at approximately $44,256,331.60. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.60% of the company’s stock.

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.