Schwab Charles Investment Management Inc. increased its holdings in Vectrus Inc (NYSE:VEC) by 21.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,837 shares of the business services provider’s stock after buying an additional 15,437 shares during the period. Schwab Charles Investment Management Inc. owned 0.77% of Vectrus worth $3,197,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in Vectrus by 4.8% in the 1st quarter. Prudential Financial Inc. now owns 277,217 shares of the business services provider’s stock worth $10,323,000 after buying an additional 12,710 shares during the period. Victory Capital Management Inc. purchased a new stake in Vectrus in the 1st quarter worth approximately $184,000. LSV Asset Management lifted its stake in Vectrus by 1.2% in the 1st quarter. LSV Asset Management now owns 605,193 shares of the business services provider’s stock worth $22,537,000 after purchasing an additional 7,205 shares in the last quarter. Mackay Shields LLC purchased a new stake in Vectrus in the 1st quarter worth approximately $3,457,000. Finally, Chicago Equity Partners LLC lifted its stake in Vectrus by 1.8% in the 1st quarter. Chicago Equity Partners LLC now owns 175,389 shares of the business services provider’s stock worth $6,531,000 after purchasing an additional 3,095 shares in the last quarter. 87.44% of the stock is owned by institutional investors.
Vectrus opened at $30.82 on Friday, according to Marketbeat.com. Vectrus Inc has a 1 year low of $25.17 and a 1 year high of $41.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $340.44 million, a price-to-earnings ratio of 14.20 and a beta of 1.55.
Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, May 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.12). The firm had revenue of $320.52 million during the quarter, compared to analysts’ expectations of $309.29 million. Vectrus had a return on equity of 15.21% and a net margin of 5.15%. research analysts forecast that Vectrus Inc will post 3.18 EPS for the current fiscal year.
Several analysts have issued reports on VEC shares. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Friday, May 11th. ValuEngine cut shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Wednesday, May 9th. Noble Financial cut shares of Vectrus to a “hold” rating in a research note on Thursday, March 8th. Finally, Drexel Hamilton cut shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $34.50.
In related news, Director Eric M. Pillmore acquired 1,000 shares of the stock in a transaction dated Wednesday, May 9th. The shares were purchased at an average price of $29.73 per share, for a total transaction of $29,730.00. Following the transaction, the director now owns 9,444 shares in the company, valued at approximately $280,770.12. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Phillip Widman acquired 10,000 shares of the stock in a transaction dated Monday, May 21st. The shares were bought at an average price of $31.21 per share, for a total transaction of $312,100.00. Following the transaction, the director now owns 11,002 shares in the company, valued at approximately $343,372.42. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 21,000 shares of company stock worth $647,515. Corporate insiders own 2.80% of the company’s stock.
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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