BidaskClub Upgrades VSE (NASDAQ:VSEC) to Hold

VSE (NASDAQ:VSEC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday, BidAskClub reports.

Shares of NASDAQ VSEC opened at $33.56 on Friday. VSE has a 1 year low of $24.06 and a 1 year high of $39.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.46 and a quick ratio of 1.00. The company’s 50-day moving average is $33.28 and its 200 day moving average is $29.81. The stock has a market capitalization of $359.93 million, a P/E ratio of 10.10 and a beta of 1.34.

VSE (NASDAQ:VSEC) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $0.89 earnings per share (EPS) for the quarter. VSE had a net margin of 5.05% and a return on equity of 10.74%. The company had revenue of $189.11 million for the quarter.

In related news, Director Calvin Scott Koonce purchased 2,400 shares of VSE stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $29.27 per share, for a total transaction of $70,248.00. Following the completion of the transaction, the director now directly owns 1,840,336 shares of the company’s stock, valued at $53,866,634.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 21.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC grew its holdings in VSE by 46.1% in the second quarter. Citadel Advisors LLC now owns 12,298 shares of the construction company’s stock worth $353,000 after purchasing an additional 3,878 shares during the period. United Services Automobile Association grew its holdings in VSE by 4.2% in the second quarter. United Services Automobile Association now owns 34,588 shares of the construction company’s stock worth $992,000 after purchasing an additional 1,400 shares during the period. Nordea Investment Management AB grew its holdings in VSE by 3.6% in the first quarter. Nordea Investment Management AB now owns 34,193 shares of the construction company’s stock worth $1,080,000 after purchasing an additional 1,200 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in VSE by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the construction company’s stock worth $1,445,000 after purchasing an additional 629 shares during the period. Finally, Hendershot Investments Inc. grew its holdings in VSE by 85.3% in the second quarter. Hendershot Investments Inc. now owns 133,609 shares of the construction company’s stock worth $3,833,000 after purchasing an additional 61,490 shares during the period. Institutional investors and hedge funds own 68.84% of the company’s stock.

VSE Company Profile

VSE Corporation operates as a diversified services and supply company in the United States. The company operates in 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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