Brokerages Set Vectrus Inc (VEC) PT at $39.00

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Shares of Vectrus Inc (NYSE:VEC) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.00.

A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of Vectrus from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised Vectrus from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Saturday, August 11th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a research note on Wednesday, August 8th.

Shares of Vectrus stock traded down $0.74 during trading on Friday, reaching $27.94. The company’s stock had a trading volume of 45,300 shares, compared to its average volume of 81,774. The stock has a market cap of $327.31 million, a PE ratio of 13.22 and a beta of 1.52. Vectrus has a 52 week low of $26.62 and a 52 week high of $41.48. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 1.37.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.02). The business had revenue of $321.13 million during the quarter, compared to the consensus estimate of $306.20 million. Vectrus had a net margin of 5.19% and a return on equity of 16.10%. Equities research analysts predict that Vectrus will post 3.25 earnings per share for the current fiscal year.

In related news, Director Eric M. Pillmore purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 8th. The stock was acquired at an average price of $29.88 per share, with a total value of $29,880.00. Following the completion of the purchase, the director now directly owns 13,002 shares in the company, valued at $388,499.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melvin Parker sold 1,377 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $36.04, for a total value of $49,627.08. Following the completion of the transaction, the director now directly owns 9,625 shares of the company’s stock, valued at approximately $346,885. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Vectrus by 11.2% in the second quarter. BlackRock Inc. now owns 880,504 shares of the business services provider’s stock valued at $27,137,000 after purchasing an additional 88,973 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Vectrus by 19.3% in the second quarter. Dimensional Fund Advisors LP now owns 673,184 shares of the business services provider’s stock valued at $20,748,000 after purchasing an additional 108,807 shares in the last quarter. Acadian Asset Management LLC raised its stake in Vectrus by 0.7% during the second quarter. Acadian Asset Management LLC now owns 411,597 shares of the business services provider’s stock worth $12,686,000 after acquiring an additional 2,703 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Vectrus by 8.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 190,025 shares of the business services provider’s stock worth $5,857,000 after acquiring an additional 15,520 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Vectrus by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 130,187 shares of the business services provider’s stock worth $4,848,000 after acquiring an additional 6,530 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.

Vectrus Company Profile

Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. It offers facility and logistics services, such as airfield management, ammunition management, civil engineering, communications, emergency services, life support activities, public works, security, transportation operations, warehouse management and distribution, and equipment maintenance, repair, and services for U.S.

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