VSE (NASDAQ:VSEC) Upgraded at BidaskClub

BidaskClub upgraded shares of VSE (NASDAQ:VSEC) from a strong sell rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

Shares of VSEC opened at $31.38 on Friday. The stock has a market capitalization of $353.68 million, a P/E ratio of 9.92 and a beta of 1.39. VSE has a twelve month low of $24.06 and a twelve month high of $40.75. The company has a 50 day moving average of $28.10 and a 200-day moving average of $29.81. The company has a quick ratio of 1.00, a current ratio of 2.46 and a debt-to-equity ratio of 0.85.

In other news, Director Calvin Scott Koonce bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $29.27 per share, with a total value of $70,248.00. Following the completion of the purchase, the director now owns 1,840,336 shares of the company’s stock, valued at $53,866,634.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 21.00% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in VSEC. Dimensional Fund Advisors LP increased its position in shares of VSE by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 617,376 shares of the construction company’s stock worth $18,466,000 after purchasing an additional 15,015 shares during the period. Vanguard Group Inc. lifted its stake in shares of VSE by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 408,691 shares of the construction company’s stock valued at $11,725,000 after purchasing an additional 4,720 shares during the period. Hendershot Investments Inc. lifted its stake in shares of VSE by 85.3% in the 2nd quarter. Hendershot Investments Inc. now owns 133,609 shares of the construction company’s stock valued at $3,833,000 after purchasing an additional 61,490 shares during the period. FIL Ltd lifted its stake in shares of VSE by 25.0% in the 1st quarter. FIL Ltd now owns 125,000 shares of the construction company’s stock valued at $3,948,000 after purchasing an additional 25,000 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of VSE by 0.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 83,284 shares of the construction company’s stock valued at $2,630,000 after purchasing an additional 732 shares during the period. 69.12% of the stock is 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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