Jennison Associates LLC Buys 55,714 Shares of VSE Co. (NASDAQ:VSEC)

Jennison Associates LLC grew its stake in shares of VSE Co. (NASDAQ:VSEC) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 495,902 shares of the construction company’s stock after purchasing an additional 55,714 shares during the period. Jennison Associates LLC’s holdings in VSE were worth $32,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in VSE by 18.1% during the 3rd quarter. FMR LLC now owns 2,283,203 shares of the construction company’s stock worth $115,165,000 after purchasing an additional 350,313 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of VSE by 17.5% in the third quarter. Vanguard Group Inc. now owns 695,222 shares of the construction company’s stock valued at $35,067,000 after acquiring an additional 103,586 shares in the last quarter. Juniper Investment Company LLC grew its holdings in shares of VSE by 9.6% in the third quarter. Juniper Investment Company LLC now owns 362,363 shares of the construction company’s stock valued at $18,278,000 after acquiring an additional 31,850 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of VSE by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 210,398 shares of the construction company’s stock valued at $10,612,000 after acquiring an additional 5,219 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in shares of VSE by 16.0% in the third quarter. Loomis Sayles & Co. L P now owns 157,610 shares of the construction company’s stock valued at $7,950,000 after acquiring an additional 21,730 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VSEC has been the subject of several recent analyst reports. StockNews.com lowered VSE from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Truist Financial upped their target price on VSE from $77.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $85.00 target price on shares of VSE in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.25.

VSE Price Performance

Shares of NASDAQ VSEC opened at $78.61 on Thursday. The stock has a fifty day simple moving average of $75.98 and a two-hundred day simple moving average of $65.70. VSE Co. has a 1-year low of $41.17 and a 1-year high of $83.00. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 32.75 and a beta of 1.67. The company has a current ratio of 2.70, a quick ratio of 0.95 and a debt-to-equity ratio of 0.66.

VSE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 1st. VSE’s dividend payout ratio (DPR) is 16.67%.

VSE Company Profile

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.