VSE CorpVSEC
VSEC
About: VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management and consulting services for land, sea and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. Its reportable segments are; Aviation and Fleet. Majority of the revenue for the company is generated from the Aviation segment which is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business and general aviation operators.
Employees: 1,200
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
111% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 9
64% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 36
7% more funds holding
Funds holding: 137 [Q2] → 147 (+10) [Q3]
0.9% more ownership
Funds ownership: 94.82% [Q2] → 95.72% (+0.9%) [Q3]
3% less capital invested
Capital invested by funds: $1.52B [Q2] → $1.46B (-$52.7M) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
81% less call options, than puts
Call options by funds: $704K | Put options by funds: $3.73M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$110
11%
upside
Avg. target
$128
28%
upside
High target
$135
36%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Ken Herbert 51% 1-year accuracy 35 / 69 met price target | 36%upside $135 | Outperform Maintained | 6 Dec 2024 |
B. Riley Securities Jeff Van Sinderen 48% 1-year accuracy 10 / 21 met price target | 33%upside $132 | Buy Maintained | 7 Nov 2024 |
Truist Securities Michael Ciarmoli 66% 1-year accuracy 39 / 59 met price target | 34%upside $133 | Buy Maintained | 7 Nov 2024 |
Jefferies Lavina Quadros 100% 1-year accuracy 2 / 2 met price target | 11%upside $110 | Buy Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 4 articles about VSEC published over the past 30 days
Neutral
Business Wire
3 days ago
VSE Corporation Declares Quarterly Cash Dividend
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced that the Company's Board of Directors has declared a regular quarterly cash dividend of $0.10 per share of VSE common stock. The dividend is payable on February 6, 2025, to stockholders of record at the close of business on January 23, 2025. ABOUT VSE CORPORATION VSE is a leading provider of aftermarket distribution and repair ser.
Positive
Zacks Investment Research
2 weeks ago
VSE Enhances Aviation Position With Kellstrom Aerospace Acquisition
VSEC strengthens its position in the aerospace engine aftermarket with the acquisition of Kellstrom Aerospace.
Neutral
Business Wire
2 weeks ago
AE Industrial Partners Completes Sale of Kellstrom Aerospace to VSE Corporation
BOCA RATON, Fla.--(BUSINESS WIRE)--AE Industrial Partners, LP (“AE Industrial”), a private equity firm specializing in National Security, Aerospace, and Industrial Services, today announced that it has completed the sale of Kellstrom Aerospace Group, Inc. (“Kellstrom”), a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket, for $200 million to VSE Corporation (“VSE”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair.
Neutral
Business Wire
2 weeks ago
VSE Corporation Completes Kellstrom Aerospace Acquisition
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has closed its previously announced acquisition of Kellstrom Aerospace Group, Inc. (“Kellstrom”), a portfolio company of AE Industrial Partners, LP and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. MANAGEMENT COMMENTARY “Today represents the nex.
Neutral
Business Wire
1 month ago
VSE Corporation Announces Relocation of Corporate Headquarters to Miramar, Florida
MIRAMAR, Fla.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, today announced the relocation of its corporate headquarters to Miramar, Florida. The new headquarters will be co-located with the Company's Aviation segment headquarters and Maintenance, Repair and Overhaul (“MRO”) center of excellence at 3361 Enterprise Way, Miramar, FL, 33025. “We are pleased to announce the relocation of our corporate h.
Neutral
Seeking Alpha
1 month ago
VSE Corporation (VSEC) Q3 2024 Earnings Call Transcript
VSE Corporation (NASDAQ:VSEC ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Michael Perlman - Vice President, Investor Relations & Treasury John Cuomo - President & Chief Executive Officer Adam Cohn - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Ken Herbert - RBC Capital Markets Michael Ciarmoli - Truist Jeff Van Sinderen - B. Riley Securities Noah Levitz - William Blair Josh Sullivan - Benchmark Operator Good day and welcome to the VSE Corporation Third Quarter 2024 Results Conference Call.
Neutral
Business Wire
1 month ago
VSE Corporation Announces Third Quarter 2024 Results
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, "VSE", or the "Company"), a leading provider of aftermarket distribution and repair services, announced today results for the third quarter 2024. THIRD QUARTER 2024 RESULTS(1) (As compared to the Third Quarter 2023) Total Revenues of $273.6 million increased 18.3% GAAP Net Income of $11.7 million decreased 3.8% GAAP EPS (Diluted) of $0.63 decreased 21.3% Adjusted EBITDA(2) of $33.2 million increased 2.6% Adjusted Net Income(2) of.
Positive
Zacks Investment Research
2 months ago
How VSE's Acquisition of Kellstrom Will Boost Its Aviation Business?
The latest deal is set to expand VSEC's footprint in the commercial aerospace aftermarket.
Neutral
Business Wire
2 months ago
VSE Corporation Prices Public Offering of Common Stock
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has priced its previously announced underwritten public offering. The Company is offering 1,724,137 shares of its common stock at a price to the public of $87.00 per share. VSE has also granted the underwriters a 30-day option to purchase up to an additional 258,620 shares of common stock. The offering is expected.
Neutral
Business Wire
2 months ago
VSE Corporation Announces Public Offering of Common Stock
ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that it has commenced an underwritten public offering, subject to market and other conditions, of shares of its common stock pursuant to an effective shelf registration statement. In addition, VSE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in.
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