VSE (NASDAQ:VSEC) Hits New 1-Year High – What’s Next?

VSE Co. (NASDAQ:VSEC)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $114.12 and last traded at $111.32, with a volume of 19418 shares. The stock had previously closed at $106.31.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on VSE from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. B. Riley increased their price target on VSE from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial increased their price target on VSE from $115.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada increased their price target on VSE from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com upgraded VSE to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.83.

VSE Trading Up 3.0 %

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 market capitalization 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.

Insider Activity

In other news, major shareholder Calvin Scott Koonce sold 9,300 shares of VSE stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.90, for a total transaction of $836,070.00. Following the transaction, the insider now directly owns 492,284 shares in the company, valued at approximately $44,256,331.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.60% of the stock is owned by insiders.

Institutional Investors Weigh In On VSE

Several large investors have recently modified their holdings of the stock. Capital Research Global Investors bought a new stake in shares of VSE during the 1st quarter worth $81,623,000. Jennison Associates LLC boosted its stake in shares of VSE by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 823,749 shares of the construction company’s stock worth $68,149,000 after acquiring an additional 29,811 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of VSE by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 822,784 shares of the construction company’s stock worth $72,634,000 after acquiring an additional 15,323 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of VSE by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 724,681 shares of the construction company’s stock worth $57,974,000 after acquiring an additional 12,407 shares in the last quarter. Finally, AltraVue Capital LLC bought a new stake in shares of VSE during the 2nd quarter worth $48,343,000. 91.54% of the stock is owned by institutional investors.

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.