VSE (NASDAQ:VSEC) Price Target Raised to $125.00 at Royal Bank of Canada

VSE (NASDAQ:VSEC) had its price target hoisted by Royal Bank of Canada from $120.00 to $125.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

A number of other analysts have also weighed in on VSEC. Jefferies Financial Group upped their price target on shares of VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of VSE in a report on Friday, August 2nd. Finally, Truist Financial upped their price target on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat, VSE has an average rating of “Moderate Buy” and an average target price of $116.83.

VSE Stock Performance

Shares of NASDAQ VSEC traded up $3.38 during trading hours on Thursday, reaching $117.80. The stock had a trading volume of 147,812 shares, compared to its average volume of 146,765. 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 firm has a market cap of $2.17 billion, a price-to-earnings ratio of 35.84 and a beta of 1.56. The firm has a 50-day moving average of $92.60 and a 200-day moving average of $87.07. VSE has a fifty-two week low of $57.10 and a fifty-two week high of $118.94.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 15,300 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 463,284 shares of the company’s stock, valued at approximately $42,543,369.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of VSE by 80.8% in the first 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 during the period. Lisanti Capital Growth LLC bought a new position in shares of VSE during the 1st quarter worth approximately $3,566,000. Russell Investments Group Ltd. raised its holdings in VSE by 11.9% in the 1st quarter. Russell Investments Group Ltd. now owns 90,252 shares of the construction company’s stock valued at $7,220,000 after acquiring an additional 9,608 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of VSE by 1.7% in the first quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock valued at $57,974,000 after buying an additional 12,407 shares during the period. Finally, Capital Research Global Investors acquired a new stake in shares of VSE during the 1st quarter worth approximately $81,623,000. Institutional investors and hedge funds 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.