Vectrus Inc (NYSE:VEC)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $40.91 and last traded at $40.76, with a volume of 5514 shares. The stock had previously closed at $39.28.
Several equities analysts have recently weighed in on the stock. TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. Drexel Hamilton raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $35.98 price target for the company in a research note on Tuesday, April 16th. ValuEngine raised shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a research note on Thursday, February 28th. Finally, Zacks Investment Research raised shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.49.
The company has a market capitalization of $441.09 million, a price-to-earnings ratio of 13.66 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 released its 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 net margin of 2.76% and a return on equity of 16.86%. On average, equities analysts predict that Vectrus Inc will post 3.38 EPS for the current year.
In related news, Director Melvin Parker sold 1,375 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $28.09, for a total value of $38,623.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in VEC. Marshall Wace LLP bought a new position in shares of Vectrus in the third quarter valued at $3,551,000. FMR LLC bought a new position in shares of Vectrus in the third quarter valued at $3,428,000. D. E. Shaw & Co. Inc. grew its stake in shares of Vectrus by 56.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 236,549 shares of the business services provider’s stock valued at $5,105,000 after buying an additional 85,037 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Vectrus by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock valued at $23,278,000 after buying an additional 73,126 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its stake in shares of Vectrus by 36.3% in the fourth quarter. ClariVest Asset Management LLC now owns 213,575 shares of the business services provider’s stock valued at $4,609,000 after buying an additional 56,878 shares in the last quarter. 86.54% of the stock is owned by institutional investors and hedge funds.
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About Vectrus (NYSE:VEC)
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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