VSE Co. (NASDAQ:VSEC) Receives $107.83 Consensus Price Target from Brokerages

VSE Co. (NASDAQ:VSEC) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $107.83.

Several research firms recently commented on VSEC. Truist Financial raised their price target on shares of VSE from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada lifted their price target on shares of VSE from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of VSE in a research report on Friday, August 2nd.

VSE Stock Up 9.7 %

NASDAQ:VSEC opened at $116.47 on Thursday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 25.49 and a beta of 1.56. VSE has a twelve month low of $56.98 and a twelve month high of $116.84. The company has a current ratio of 3.53, a quick ratio of 1.17 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $92.15 and a 200-day simple moving average of $86.88.

Insider Buying and Selling

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $91.83, for a total value of $1,404,999.00. Following the completion of the transaction, the insider now directly owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 14.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC acquired a new stake in VSE in the first quarter valued at approximately $221,000. Principal Financial Group Inc. boosted its position in shares of VSE by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 20,916 shares of the construction company’s stock worth $1,673,000 after purchasing an additional 1,033 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in VSE during the 1st quarter worth $280,000. BNP Paribas Financial Markets increased its position in VSE by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 6,431 shares of the construction company’s stock valued at $514,000 after buying an additional 2,874 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in VSE by 13.2% in the first quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after buying an additional 65,495 shares during the last quarter. Hedge funds and other institutional investors own 91.54% 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.