258,503 Shares in VSE Co. (NASDAQ:VSEC) Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new stake in VSE Co. (NASDAQ:VSEC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 258,503 shares of the construction company’s stock, valued at approximately $24,018,000. Allspring Global Investments Holdings LLC owned about 1.27% of VSE as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of VSE in the third quarter worth about $155,000. KFA Private Wealth Group LLC acquired a new stake in shares of VSE during the 4th quarter worth approximately $209,000. US Bancorp DE increased its holdings in shares of VSE by 1,180.2% during the 3rd quarter. US Bancorp DE now owns 2,586 shares of the construction company’s stock valued at $214,000 after purchasing an additional 2,384 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of VSE by 4.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,310 shares of the construction company’s stock valued at $274,000 after purchasing an additional 134 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in VSE during the third quarter worth $394,000. 91.54% of the stock is owned by institutional investors and hedge funds.

VSE Price Performance

NASDAQ:VSEC opened at $97.28 on Friday. The stock has a 50 day moving average of $101.38 and a two-hundred day moving average of $98.25. VSE Co. has a 12 month low of $67.82 and a 12 month high of $123.92. The company has a current ratio of 3.69, a quick ratio of 1.15 and a debt-to-equity ratio of 0.53.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 6th. Investors of record on Thursday, January 23rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, January 23rd.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial cut their price objective on shares of VSE from $133.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada upped their price target on VSE from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. B. Riley raised their price objective on VSE from $120.00 to $132.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded VSE to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.83.

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.