Hendershot Investments Inc. Sells 3,279 Shares of VSE Co. (NASDAQ:VSEC)

Hendershot Investments Inc. reduced its stake in VSE Co. (NASDAQ:VSEC) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,823 shares of the construction company’s stock after selling 3,279 shares during the quarter. Hendershot Investments Inc. owned approximately 0.16% of VSE worth $2,280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in shares of VSE during the 1st quarter worth $81,623,000. Allspring Global Investments Holdings LLC bought a new stake in shares of VSE in the second quarter valued at approximately $10,326,000. Hennessy Advisors Inc. bought a new position in VSE during the second quarter worth $9,388,000. Jennison Associates LLC raised its stake in VSE by 13.2% during the 1st quarter. Jennison Associates LLC now owns 561,397 shares of the construction company’s stock valued at $44,912,000 after purchasing an additional 65,495 shares during the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in VSE in the 1st quarter worth $3,566,000. Institutional investors own 91.54% of the company’s stock.

VSE Stock Up 1.6 %

NASDAQ VSEC opened at $87.71 on Friday. The stock’s 50 day simple moving average is $87.97 and its 200 day simple moving average is $81.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.53 and a quick ratio of 1.17. VSE Co. has a one year low of $48.47 and a one year high of $94.10. The firm has a market cap of $1.62 billion, a PE ratio of 26.57 and a beta of 1.61.

VSE (NASDAQ:VSEC) last announced its earnings results on Wednesday, July 31st. The construction company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). VSE had a net margin of 1.21% and a return on equity of 7.87%. The business had revenue of $265.96 million during the quarter, compared to analyst estimates of $256.60 million. As a group, sell-side analysts forecast that VSE Co. will post 3.06 earnings per share for the current fiscal year.

VSE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Wednesday, November 6th.

Insider Buying and Selling at VSE

In other VSE news, major shareholder Calvin Scott Koonce sold 15,300 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $91.83, for a total transaction of $1,404,999.00. Following the transaction, the insider now directly owns 463,284 shares in the company, valued at approximately $42,543,369.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VSEC. Truist Financial increased their target price on shares of VSE from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of VSE in a research report on Thursday, August 1st. Jefferies Financial Group initiated coverage on VSE in a research report on Wednesday, August 14th. They set a “buy” rating and a $100.00 price objective on the stock. Stifel Nicolaus began coverage on VSE in a research report on Friday, June 28th. They issued a “buy” rating and a $101.00 target price for the company. Finally, B. Riley increased their price objective on shares of VSE from $91.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, VSE currently has a consensus rating of “Moderate Buy” and an average price target of $99.83.

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.