Vectrus (VEC) Lifted to “B” at TheStreet

TheStreet upgraded shares of Vectrus (NYSE:VEC) from a c+ rating to a b rating in a research note issued to investors on Monday morning, TheStreetRatingsTable reports.

Other research analysts have also issued research reports about the stock. Drexel Hamilton upgraded shares of Vectrus from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday. Noble Financial restated a hold rating on shares of Vectrus in a research report on Thursday, February 28th. ValuEngine upgraded shares of Vectrus from a sell rating to a hold rating in a research report on Friday, February 15th. Finally, Zacks Investment Research upgraded shares of Vectrus from a sell rating to a hold rating in a research report on Saturday, January 12th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Vectrus presently has an average rating of Hold and an average target price of $43.00.

Shares of NYSE:VEC opened at $35.98 on Monday. Vectrus has a 12-month low of $19.61 and a 12-month high of $40.63. The company has a market cap of $442.70 million, a price-to-earnings ratio of 12.24 and a beta of 1.56. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.31.

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

In related news, Director Melvin Parker sold 1,375 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $28.09, for a total transaction of $38,623.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 4,125 shares of company stock worth $107,979 in the last quarter. 2.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its position in shares of Vectrus by 16.1% during the 4th quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock worth $83,000 after acquiring an additional 536 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Vectrus by 373.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,021 shares of the business services provider’s stock worth $87,000 after acquiring an additional 3,172 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Vectrus by 56.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,819 shares of the business services provider’s stock worth $275,000 after acquiring an additional 3,172 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Vectrus by 29.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 10,511 shares of the business services provider’s stock worth $251,000 after acquiring an additional 2,362 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Vectrus by 30.1% during the 4th quarter. Bank of America Corp DE now owns 12,060 shares of the business services provider’s stock worth $260,000 after acquiring an additional 2,791 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

Vectrus Company Profile

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.

Further Reading: Net Asset Value

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