Vectrus (VEC) Director Mary L. Howell Buys 2,500 Shares

Vectrus (NYSE:VEC) Director Mary L. Howell purchased 2,500 shares of Vectrus stock in a transaction on Monday, May 14th. The stock was bought at an average cost of $30.05 per share, for a total transaction of $75,125.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

VEC stock opened at $29.66 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $334.38 million, a price-to-earnings ratio of 13.60 and a beta of 1.62. Vectrus has a 1 year low of $29.42 and a 1 year high of $29.92.

Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, May 8th. The business services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Vectrus had a return on equity of 15.21% and a net margin of 5.15%. The business had revenue of $320.52 million for the quarter, compared to analyst estimates of $309.29 million. equities analysts forecast that Vectrus will post 3.1 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of VEC. Mackay Shields LLC acquired a new stake in shares of Vectrus during the 1st quarter worth about $3,457,000. Millennium Management LLC raised its position in shares of Vectrus by 228.9% during the 1st quarter. Millennium Management LLC now owns 113,714 shares of the business services provider’s stock worth $4,235,000 after acquiring an additional 79,141 shares in the last quarter. BlackRock Inc. raised its position in shares of Vectrus by 7.0% during the 1st quarter. BlackRock Inc. now owns 791,531 shares of the business services provider’s stock worth $29,476,000 after acquiring an additional 51,885 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Vectrus by 21.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 85,837 shares of the business services provider’s stock worth $3,197,000 after acquiring an additional 15,437 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Vectrus by 121.7% during the 1st quarter. New York State Common Retirement Fund now owns 27,929 shares of the business services provider’s stock worth $1,040,000 after acquiring an additional 15,329 shares in the last quarter. 86.46% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on VEC. Zacks Investment Research raised Vectrus from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, January 23rd. Drexel Hamilton lowered Vectrus from a “buy” rating to a “hold” rating in a research report on Monday, March 5th. Noble Financial lowered Vectrus to a “hold” rating in a research report on Thursday, March 8th. Finally, ValuEngine lowered Vectrus from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Vectrus currently has a consensus rating of “Hold” and an average target price of $34.50.

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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