Renaissance Technologies LLC Trims Holdings in VSE Co. (VSEC)

Renaissance Technologies LLC trimmed its holdings in shares of VSE Co. (NASDAQ:VSEC) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,400 shares of the construction company’s stock after selling 5,300 shares during the quarter. Renaissance Technologies LLC’s holdings in VSE were worth $2,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. United Services Automobile Association grew its holdings in VSE by 65.0% during the 2nd quarter. United Services Automobile Association now owns 29,188 shares of the construction company’s stock worth $1,395,000 after acquiring an additional 11,500 shares during the last quarter. FMR LLC grew its stake in shares of VSE by 0.3% in the second quarter. FMR LLC now owns 1,632,165 shares of the construction company’s stock worth $77,985,000 after purchasing an additional 4,760 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of VSE by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 575,794 shares of the construction company’s stock worth $27,512,000 after purchasing an additional 33,476 shares during the last quarter. BlackRock Inc. grew its stake in shares of VSE by 5.5% in the second quarter. BlackRock Inc. now owns 608,087 shares of the construction company’s stock worth $29,054,000 after purchasing an additional 31,573 shares during the last quarter. Finally, Stanley Laman Group Ltd. grew its stake in shares of VSE by 15.8% in the second quarter. Stanley Laman Group Ltd. now owns 16,139 shares of the construction company’s stock worth $771,000 after purchasing an additional 2,197 shares during the last quarter. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VSEC stock opened at $29.80 on Friday. VSE Co. has a one year low of $28.43 and a one year high of $58.20. The company has a market capitalization of $326.11 million, a P/E ratio of 11.18 and a beta of 1.65. The company has a current ratio of 2.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.



VSE (NASDAQ:VSEC) last announced its earnings results on Thursday, July 26th. The construction company reported $0.80 EPS for the quarter. VSE had a return on equity of 9.86% and a net margin of 5.56%. The business had revenue of $170.39 million for the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Tuesday, November 6th.

VSEC has been the topic of several analyst reports. BidaskClub cut shares of VSE from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. ValuEngine lowered VSE from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, TheStreet lowered VSE from a “b-” rating to a “c+” rating in a research report on Friday, October 19th.

About VSE

VSE Corporation operates as a diversified services and supply company in the United States. The company operates through three segments: Supply Chain Management Group, Aviation Group, and Federal Services Group. The Supply Chain Management Group segment offers sourcing, acquisition, scheduling, transportation, shipping, logistics, data management, and other services to assist its clients with supply chain management.

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Institutional Ownership by Quarter for VSE (NASDAQ:VSEC)

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