Vectrus (VEC) Rating Increased to B at TheStreet

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Vectrus (NYSE:VEC) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Several other analysts have also recently commented on VEC. ValuEngine raised Vectrus from a “strong sell” rating to a “sell” rating in a research report on Monday, January 7th. Zacks Investment Research raised Vectrus from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a research report on Thursday, February 28th. Finally, Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.00.

VEC opened at $35.98 on Monday. The firm has a market cap of $442.70 million, a PE ratio of 12.24 and a beta of 1.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 1.39. Vectrus has a fifty-two week low of $19.61 and a fifty-two week high of $40.63.

Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, February 26th. The business services provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ 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 research analysts forecast 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 on Wednesday, February 20th. The stock was sold at an average price of $28.09, for a total transaction of $38,623.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 4,125 shares of company stock valued at $107,979. 2.80% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Citigroup Inc. raised its holdings in Vectrus by 16.1% during the fourth quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock valued at $83,000 after buying an additional 536 shares in the last quarter. California Public Employees Retirement System raised its holdings in Vectrus by 4.7% during the fourth quarter. California Public Employees Retirement System now owns 29,334 shares of the business services provider’s stock valued at $633,000 after buying an additional 1,311 shares in the last quarter. Teachers Advisors LLC raised its holdings in Vectrus by 3.0% during the third quarter. Teachers Advisors LLC now owns 61,485 shares of the business services provider’s stock valued at $1,918,000 after buying an additional 1,763 shares in the last quarter. IndexIQ Advisors LLC raised its holdings in Vectrus by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 61,043 shares of the business services provider’s stock valued at $1,904,000 after buying an additional 2,306 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its holdings in Vectrus by 29.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 10,511 shares of the business services provider’s stock valued at $251,000 after buying an additional 2,362 shares in the last quarter. Institutional investors and hedge funds own 86.54% of the company’s stock.

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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