VSE (NASDAQ:VSEC) Shares Gap Down – Time to Sell?
by Jessica Moore · The Cerbat GemVSE Corporation (NASDAQ:VSEC – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $218.57, but opened at $197.00. VSE shares last traded at $196.99, with a volume of 230,311 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on VSEC. Truist Financial set a $222.00 target price on shares of VSE in a report on Friday, January 9th. B. Riley upped their price objective on VSE from $208.00 to $258.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on VSE in a research note on Friday, October 17th. They issued a “buy” rating and a $195.00 target price on the stock. Royal Bank Of Canada boosted their target price on VSE from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus increased their price target on VSE from $209.00 to $250.00 and gave the stock a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $221.14.
Read Our Latest Stock Analysis on VSEC
VSE Stock Down 8.0%
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.41 and a current ratio of 3.94. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 295.80, a PEG ratio of 2.45 and a beta of 1.35. The firm has a fifty day moving average price of $187.70 and a 200 day moving average price of $171.42.
VSE Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Thursday, January 15th. VSE’s dividend payout ratio is presently 58.82%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of VSE during the 2nd quarter worth approximately $28,000. AQR Capital Management LLC acquired a new stake in VSE in the first quarter valued at $247,000. Farther Finance Advisors LLC increased its position in shares of VSE by 946.7% in the third quarter. Farther Finance Advisors LLC now owns 1,884 shares of the construction company’s stock valued at $313,000 after buying an additional 1,704 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of VSE during the 2nd quarter worth $498,000. Finally, SG Americas Securities LLC boosted its position in shares of VSE by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 4,168 shares of the construction company’s stock worth $693,000 after buying an additional 3,017 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
VSE Company Profile
VSE Corporation (NASDAQ: VSEC) is a provider of aftermarket distribution and supply chain management services serving both government and commercial markets. The company’s solutions span a wide range of industries, with particular emphasis on defense, aerospace and transportation. VSE’s core mission is to ensure mission readiness by delivering critical parts, maintenance and technical support for equipment throughout its lifecycle.
Through its Distribution Services segment, VSE sources, markets and distributes replacement parts and components for commercial truck, bus, rail and specialty vehicle applications.