VSE (VSEC)

Company Profile

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services.

Company profile

Ticker

VSEC

Exchange

NASDAQ

Website

www.vsecorp.com

CEO

John Cuomo

Incorporated

Delaware

Location

Virginia

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Engineering Services

Industry (SIC)

Services - Engineering Services

Tetra Tech • Hill International • Mistras • AECOM • Englobal • Ecology & Environment • Acorn Energy • Willdan • Galenfeha • TORtec ...

SEC CIK

0000102752

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Energetics Incorporated • Akimeka, LLC • Wheeler Fleet Solutions, Co. • VSE Aviation, Inc. • VSE Aviation Services, Inc. • VSE Aviation Services, LLC • VSE Aviation Services, Co. • Global Parts Group, Inc. ...

IRS number

540649263

VSEC stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$59.00

Low target

$58.00

High target

$60.00

Latest filings (excl ownership)

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DEFA14A

Additional proxy soliciting materials

20 Mar 23

ARS

2022 FY

Annual report to shareholders

Departure of Directors or Certain Officers

10 Mar 23

S-8

Registration of securities for employees

Vse Corporation Declares Quarterly Cash Dividend

8 Mar 23

8-K

VSE Corporation Announces Fourth Quarter and Full Year 2022 Results

8 Mar 23

8-K

Vse Corporation Declares Quarterly Cash Dividend

Transcripts

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VSEC

Earnings call transcript

2022 Q4

9 Mar 23

VSEC

Earnings call transcript

2022 Q3

28 Oct 22

VSEC

Earnings call transcript

2022 Q2

30 Jul 22

VSEC

Earnings call transcript

2022 Q1

29 Apr 22

VSEC

Earnings call transcript

2021 Q4

10 Mar 22

VSEC

Earnings call transcript

2021 Q3

31 Oct 21

VSEC

Earnings call transcript

2021 Q2

1 Aug 21

VSEC

Earnings call transcript

2021 Q1

2 May 21

VSEC

Earnings call transcript

2020 Q4

5 Mar 21

VSEC

Earnings call transcript

2020 Q3

31 Oct 20

Latest ownership filings

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Financial summary

Financial statements Chart VSEC financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	478.00 k	478.00 k	478.00 k	478.00 k	478.00 k	478.00 k
Cash burn (monthly)	(no burn)	3.33 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	9.48 k	n/a	n/a	n/a	n/a
Cash remaining	n/a	468.52 k	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	140.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from VSE earnings reports.

Institutional ownership, Q4 2022

VSEC institutional ownership history Ownership history

4.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	84	90	-6.7%
Opened positions	7	6	+16.7%
Closed positions	13	10	+30.0%
Increased positions	32	30	+6.7%
Reduced positions	30	29	+3.4%

13F shares	Current	Prev Q	Change
Total value	303.85 bn	292.52 mm	+103770.6%
Total shares	8.73 mm	8.26 mm	+5.7%
Total puts	900.00	0.00	NEW
Total calls	3.00 k	0.00	NEW
Total put/call ratio	0.3	–	–

Largest owners	Shares	Value	Change
FMR	1.91 mm	$89.51 bn	+6.7%
BLK Blackrock	719.51 k	$33.73 bn	+5.5%
Dimensional Fund Advisors	717.49 k	$33.63 mm	+1.0%
Royce & Associates	540.59 k	$25.34 mm	-7.8%
Vanguard	518.18 k	$24.29 bn	+3.0%
FIL	507.01 k	$23.77 bn	0.0%
Juniper Investment	271.27 k	$12.72 bn	0.0%
Legal Advantage Investments	243.23 k	$11.40 bn	-0.1%
Montgomery Investment Management	226.15 k	$10.60 bn	0.0%
Peregrine Capital Management	216.72 k	$10.16 mm	-1.1%

Largest transactions	Shares	Bought/sold	Change
STT State Street	203.48 k	+203.48 k	NEW
FMR	1.91 mm	+120.70 k	+6.7%
GW&K Investment Management	182.39 k	+104.06 k	+132.8%
Royce & Associates	540.59 k	-45.60 k	-7.8%
BLK Blackrock	719.51 k	+37.83 k	+5.5%
MS Morgan Stanley	57.96 k	+33.13 k	+133.4%
Resolute Capital Asset Partners	0.00	-32.74 k	EXIT
Eaton Vance Management	0.00	-32.00 k	EXIT
Walthausen & Co.	0.00	-30.29 k	EXIT
Fisher Asset Management	27.09 k	+27.09 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

VSEC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
13 Mar 23	Farinaz S Tehrani	Common Stock, par value $.05	Payment of exercise	Dispose F	No	No	40.95	770	31.53 k	5,327
13 Mar 23	Benjamin E. Thomas	Common Stock, par value $.05	Payment of exercise	Dispose F	No	No	40.95	620	25.39 k	20,366
13 Mar 23	Wheeler Chad	Common Stock, par value $.05	Payment of exercise	Dispose F	No	No	40.95	757	31.00 k	20,171
13 Mar 23	John A Cuomo	Common Stock, par value $.05	Payment of exercise	Dispose F	No	No	40.95	5,682	232.68 k	72,827
13 Mar 23	Stephen D. Griffin	Common Stock, par value $.05	Payment of exercise	Dispose F	No	No	40.95	947	38.78 k	16,600
11 Mar 23	Farinaz S Tehrani	Common Stock, par value $.05	Grant	Acquire A	No	No	0	1,482	0.00	6,097
11 Mar 23	Farinaz S Tehrani	Common Stock, par value $.05	Option exercise	Acquire M	No	No	0	1,077	0.00	4,615
11 Mar 23	Benjamin E. Thomas	Common Stock, par value $.05	Grant	Acquire A	No	No	0	1,473	0.00	20,986
11 Mar 23	Benjamin E. Thomas	Common Stock, par value $.05	Option exercise	Acquire M	No	No	0	1,071	0.00	19,513
11 Mar 23	Wheeler Chad	Common Stock, par value $.05	Grant	Acquire A	No	No	0	1,599	0.00	20,928