Vectrus (VEC) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of Vectrus (NYSE:VEC) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Vectrus from a strong-buy rating to a hold rating in a report on Thursday, May 3rd. Noble Financial reiterated a hold rating on shares of Vectrus in a report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $39.00.

NYSE VEC opened at $35.40 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.37 and a quick ratio of 1.37. Vectrus has a fifty-two week low of $26.62 and a fifty-two week high of $41.48. The firm has a market cap of $398.73 million, a price-to-earnings ratio of 16.31 and a beta of 1.52.



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

In related news, Director Stephen L. Waechter purchased 2,000 shares of the stock in a transaction dated Thursday, May 17th. The stock was bought at an average cost of $30.97 per share, for a total transaction of $61,940.00. Following the completion of the acquisition, the director now owns 16,002 shares of the company’s stock, valued at $495,581.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Melvin Parker sold 1,377 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $36.04, for a total transaction of $49,627.08. Following the transaction, the director now owns 9,625 shares of the company’s stock, valued at $346,885. The disclosure for this sale can be found here. Insiders have bought 12,500 shares of company stock valued at $390,160 over the last quarter. Company insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in Vectrus by 70.6% in the second quarter. Bank of America Corp DE now owns 7,042 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 2,914 shares during the period. Citadel Advisors LLC increased its holdings in Vectrus by 577.3% in the second quarter. Citadel Advisors LLC now owns 62,803 shares of the business services provider’s stock valued at $1,936,000 after purchasing an additional 53,531 shares during the period. Globeflex Capital L P increased its holdings in Vectrus by 14.2% in the second quarter. Globeflex Capital L P now owns 15,457 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 1,920 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 during the period. Finally, BlackRock Inc. increased its holdings 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 during the period. Institutional investors and hedge funds own 87.83% of the company’s stock.

About Vectrus

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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