Vectrus (VEC) Raised to Hold at ValuEngine

Vectrus (NYSE:VEC) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, ValuEngine reports.

Several other equities research analysts also recently weighed in on the company. Noble Financial reiterated a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. Zacks Investment Research upgraded Vectrus from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Four analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $41.00.

Shares of NYSE VEC traded up $9.26 during midday trading on Monday, hitting $39.00. The company’s stock had a trading volume of 786,910 shares, compared to its average volume of 74,746. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.39 and a current ratio of 1.39. Vectrus has a 12-month low of $19.61 and a 12-month high of $40.63. The company has a market cap of $337.25 million, a price-to-earnings ratio of 13.27 and a beta of 1.56.

Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, February 26th. The business services provider reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.05). Vectrus had a return on equity of 16.86% and a net margin of 2.76%. Sell-side analysts predict that Vectrus will post 3.34 earnings per share for the current year.

In other news, Director Melvin Parker sold 1,375 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $28.09, for a total value of $38,623.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 4,125 shares of company stock worth $107,979. Company insiders own 2.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Vectrus by 138.8% during the third quarter. Wells Fargo & Company MN now owns 77,665 shares of the business services provider’s stock worth $2,423,000 after acquiring an additional 45,139 shares in the last quarter. BlackRock Inc. raised its stake in Vectrus by 2.0% during the third quarter. BlackRock Inc. now owns 898,160 shares of the business services provider’s stock worth $28,013,000 after acquiring an additional 17,656 shares in the last quarter. FMR LLC acquired a new position in Vectrus during the third quarter worth about $3,428,000. Dimensional Fund Advisors LP raised its stake in Vectrus by 10.9% during the third quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock worth $23,278,000 after acquiring an additional 73,126 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Vectrus by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 536,438 shares of the business services provider’s stock worth $16,732,000 after acquiring an additional 11,689 shares in the last quarter. 87.23% of the stock is currently owned by institutional investors.

About Vectrus

Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. The company 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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