New York State Common Retirement Fund Buys 82,576 Shares of VSE Co. (NASDAQ:VSEC)

New York State Common Retirement Fund lifted its position in VSE Co. (NASDAQ:VSEC) by 178.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,876 shares of the construction company’s stock after purchasing an additional 82,576 shares during the period. New York State Common Retirement Fund owned 0.63% of VSE worth $12,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VSEC. Truist Financial Corp purchased a new stake in shares of VSE in the 4th quarter worth $557,000. Rhumbline Advisers lifted its stake in VSE by 12.5% in the fourth quarter. Rhumbline Advisers now owns 25,727 shares of the construction company’s stock worth $2,447,000 after acquiring an additional 2,866 shares during the period. Legato Capital Management LLC lifted its stake in VSE by 5.1% in the fourth quarter. Legato Capital Management LLC now owns 54,430 shares of the construction company’s stock worth $5,176,000 after acquiring an additional 2,645 shares during the period. Allspring Global Investments Holdings LLC bought a new position in VSE during the 4th quarter worth about $24,018,000. Finally, Stephens Investment Management Group LLC increased its position in VSE by 7.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 182,673 shares of the construction company’s stock valued at $17,372,000 after purchasing an additional 12,592 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VSEC. B. Riley upped their price target on shares of VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Truist Financial dropped their target price on VSE from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. StockNews.com upgraded VSE to a “sell” rating in a report on Wednesday, February 12th. Finally, Royal Bank of Canada upped their price objective on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $117.83.

VSE Stock Performance

Shares of VSEC opened at $98.03 on Tuesday. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.00 billion, a PE ratio of 18.15 and a beta of 1.61. VSE Co. has a 12 month low of $70.61 and a 12 month high of $123.92. The stock has a fifty day moving average price of $99.89 and a 200-day moving average price of $99.12.

VSE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 23rd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 23rd. VSE’s dividend payout ratio (DPR) is presently 7.41%.

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.