Loomis Sayles & Co. L P Has $13.56 Million Stock Holdings in VSE Co. (NASDAQ:VSEC)

Loomis Sayles & Co. L P lowered its holdings in shares of VSE Co. (NASDAQ:VSEC) by 3.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 163,912 shares of the construction company’s stock after selling 6,467 shares during the period. Loomis Sayles & Co. L P’s holdings in VSE were worth $13,560,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of VSEC. The Manufacturers Life Insurance Company grew its position in VSE by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,250 shares of the construction company’s stock valued at $463,000 after acquiring an additional 320 shares during the last quarter. Park Avenue Securities LLC lifted its stake in VSE by 13.8% in the 3rd quarter. Park Avenue Securities LLC now owns 3,818 shares of the construction company’s stock valued at $316,000 after purchasing an additional 464 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in VSE by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,246 shares of the construction company’s stock valued at $500,000 after buying an additional 465 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of VSE during the second quarter worth $42,000. Finally, Arizona State Retirement System increased its holdings in shares of VSE by 22.9% during the second quarter. Arizona State Retirement System now owns 4,521 shares of the construction company’s stock worth $399,000 after buying an additional 842 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

VSE Trading Up 0.1 %

NASDAQ:VSEC opened at $116.26 on Wednesday. The firm has a market cap of $2.37 billion, a P/E ratio of 35.72 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 52 week low of $57.10 and a 52 week high of $123.92. The firm’s fifty day moving average is $99.87 and its 200-day moving average is $90.33.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Truist Financial upped their price objective on VSE from $115.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. B. Riley raised their price objective on shares of VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of VSE to a “sell” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, VSE currently has an average rating of “Moderate Buy” and a consensus price target of $116.83.

Insider Buying and Selling at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of VSE stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the sale, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 14.60% of the company’s stock.

VSE 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.