Sei Investments Co. Buys 400 Shares of Vectrus, Inc. (NYSE:VEC)

Sei Investments Co. increased its stake in Vectrus, Inc. (NYSE:VEC) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,384 shares of the business services provider’s stock after acquiring an additional 400 shares during the period. Sei Investments Co.’s holdings in Vectrus were worth $494,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Vectrus by 7.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 622,814 shares of the business services provider’s stock worth $29,638,000 after purchasing an additional 45,441 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Vectrus by 34.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 7,227 shares of the business services provider’s stock valued at $386,000 after acquiring an additional 1,843 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Vectrus by 58.9% in the 1st quarter. Jane Street Group LLC now owns 8,567 shares of the business services provider’s stock valued at $458,000 after purchasing an additional 3,176 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Vectrus by 18.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,677 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 1,377 shares during the period. Finally, Boston Partners lifted its stake in shares of Vectrus by 4.2% in the 1st quarter. Boston Partners now owns 79,737 shares of the business services provider’s stock valued at $4,261,000 after purchasing an additional 3,190 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

VEC stock opened at $48.90 on Friday. The business’s fifty day moving average is $47.34 and its 200-day moving average is $50.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The company has a market cap of $573.35 million, a P/E ratio of 10.47 and a beta of 1.48. Vectrus, Inc. has a twelve month low of $36.83 and a twelve month high of $60.32.

Vectrus (NYSE:VEC) last posted its quarterly earnings results on Tuesday, August 10th. The business services provider reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.38. Vectrus had a return on equity of 18.29% and a net margin of 3.42%. Research analysts anticipate that Vectrus, Inc. will post 4.95 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Vectrus from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Saturday, August 14th.

Vectrus Company Profile

Vectrus, Inc is a services company. The company’s services include facility & logistics Services and Information Technology & Network Communications Services. The Facility & Logistics capabilities consists of airfield management, ammunition management, civil engineering, communications, emergency services, equipment maintenance, repair and services, life support activities, public works, security, transportation operations, and warehouse management & distribution.

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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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