Millrace Asset Group Inc. Has $1.93 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Millrace Asset Group Inc. increased its position in VSE Co. (NASDAQ:VSEC) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,364 shares of the construction company’s stock after buying an additional 956 shares during the quarter. VSE accounts for approximately 2.0% of Millrace Asset Group Inc.’s investment portfolio, making the stock its 20th largest position. Millrace Asset Group Inc. owned approximately 0.11% of VSE worth $1,933,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VSEC. Innealta Capital LLC bought a new stake in VSE in the second quarter valued at approximately $42,000. US Bancorp DE raised its stake in VSE by 1,180.2% during the third quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock worth $214,000 after buying an additional 2,384 shares during the last quarter. Archer Investment Corp bought a new stake in VSE during the second quarter valued at $247,000. Park Avenue Securities LLC raised its position in shares of VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock worth $316,000 after acquiring an additional 464 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of VSE in the 3rd quarter valued at about $394,000. Institutional investors own 91.54% of the company’s stock.

Insider Transactions at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the sale, the insider now directly owns 463,284 shares of the company’s stock, valued at $42,543,369.72. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 14.60% of the company’s stock.

VSE Price Performance

VSEC stock opened at $116.09 on Tuesday. The company has a market capitalization of $2.37 billion, a P/E ratio of 35.16 and a beta of 1.56. VSE Co. has a 52-week low of $57.10 and a 52-week high of $123.92. The business has a 50-day simple moving average of $99.30 and a two-hundred day simple moving average of $90.08. 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 (NASDAQ:VSEC) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $273.61 million during the quarter, compared to the consensus estimate of $270.88 million. VSE had a net margin of 1.36% and a return on equity of 7.26%. During the same period in the prior year, the firm posted $0.92 EPS. Research analysts expect that VSE Co. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

VSEC has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and set a $100.00 price target on shares of VSE in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Truist Financial upped their price objective on shares of VSE from $115.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, November 7th. B. Riley raised their target price on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group upped their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, VSE currently has an average rating of “Moderate Buy” and a consensus target price of $116.83.

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.