SunTrust Banks initiated coverage on shares of VSE (NASDAQ:VSEC) in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $38.00 target price on the construction company’s stock.
Other equities analysts have also issued research reports about the company. BidaskClub lowered VSE from a buy rating to a hold rating in a research report on Tuesday. Benchmark began coverage on shares of VSE in a report on Wednesday, May 27th. They set a buy rating and a $36.00 price objective for the company. Finally, ValuEngine downgraded shares of VSE from a sell rating to a strong sell rating in a research report on Monday, May 18th.
NASDAQ VSEC traded up $0.50 during mid-day trading on Wednesday, reaching $27.59. The stock had a trading volume of 10,234 shares, compared to its average volume of 43,375. VSE has a 1 year low of $13.83 and a 1 year high of $41.14. The stock has a market cap of $306.56 million, a PE ratio of 8.91 and a beta of 1.83. The company has a fifty day moving average price of $25.00 and a 200 day moving average price of $27.48. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.63 and a quick ratio of 1.02.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, July 14th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new position in shares of VSE in the 4th quarter worth approximately $36,000. Bank of Montreal Can increased its holdings in VSE by 43.3% during the fourth quarter. Bank of Montreal Can now owns 1,165 shares of the construction company’s stock valued at $44,000 after buying an additional 352 shares during the last quarter. Citigroup Inc. raised its holdings in VSE by 30.8% in the 1st quarter. Citigroup Inc. now owns 2,627 shares of the construction company’s stock worth $43,000 after purchasing an additional 619 shares during the period. BNP Paribas Arbitrage SA raised its holdings in VSE by 30.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,703 shares of the construction company’s stock worth $44,000 after purchasing an additional 630 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in VSE by 418.0% during the fourth quarter. Panagora Asset Management Inc. now owns 4,030 shares of the construction company’s stock valued at $153,000 after purchasing an additional 3,252 shares in the last quarter. 72.77% of the stock is owned by hedge funds and other institutional investors.
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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