VSE (NASDAQ:VSEC) Upgraded to “Buy” at BidaskClub

BidaskClub upgraded shares of VSE (NASDAQ:VSEC) from a hold rating to a buy rating in a research report report published on Tuesday morning, BidAskClub reports.

VSEC has been the topic of a number of other reports. SunTrust Banks started coverage on shares of VSE in a research note on Wednesday, June 24th. They issued a buy rating and a $38.00 target price on the stock. ValuEngine cut shares of VSE from a sell rating to a strong sell rating in a research note on Monday, May 18th. Finally, Benchmark assumed coverage on shares of VSE in a research report on Wednesday, May 27th. They issued a buy rating and a $36.00 price target on the stock.

VSEC opened at $30.98 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 2.63 and a debt-to-equity ratio of 0.77. The stock has a market cap of $325.22 million, a price-to-earnings ratio of 10.19 and a beta of 1.83. VSE has a twelve month low of $13.83 and a twelve month high of $41.14. The company’s 50-day moving average price is $26.18 and its two-hundred day moving average price is $27.17.

VSE (NASDAQ:VSEC) last released its earnings results on Thursday, April 30th. The construction company reported $0.88 earnings per share for the quarter. The firm had revenue of $177.42 million for the quarter. VSE had a net margin of 4.44% and a return on equity of 11.24%. As a group, sell-side analysts anticipate that VSE will post 1.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, July 14th. VSE’s dividend payout ratio (DPR) is presently 10.75%.

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in shares of VSE by 43.3% in the 4th quarter. Bank of Montreal Can now owns 1,165 shares of the construction company’s stock worth $44,000 after buying an additional 352 shares during the last quarter. Swiss National Bank lifted its position in shares of VSE by 2.4% in the 4th quarter. Swiss National Bank now owns 16,800 shares of the construction company’s stock worth $639,000 after purchasing an additional 400 shares during the period. Citigroup Inc. lifted its position in shares of 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 lifted its position in shares of 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, Denali Advisors LLC lifted its position in shares of VSE by 11.5% in the 1st quarter. Denali Advisors LLC now owns 6,150 shares of the construction company’s stock worth $101,000 after purchasing an additional 634 shares during the period. 72.77% of the stock is currently owned by institutional investors and hedge funds.

About VSE

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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