Vectrus Inc (VEC) Stake Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in shares of Vectrus Inc (NYSE:VEC) by 19.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,184 shares of the business services provider’s stock after purchasing an additional 108,807 shares during the period. Dimensional Fund Advisors LP owned approximately 6.00% of Vectrus worth $20,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VEC. Koch Industries Inc. bought a new stake in shares of Vectrus during the 1st quarter worth $212,000. Element Capital Management LLC bought a new stake in shares of Vectrus during the 1st quarter worth $228,000. Meeder Asset Management Inc. lifted its holdings in shares of Vectrus by 221.4% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,692 shares of the business services provider’s stock worth $237,000 after acquiring an additional 5,299 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Vectrus by 21.0% during the 2nd quarter. Aperio Group LLC now owns 9,581 shares of the business services provider’s stock worth $295,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Vectrus by 29.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the business services provider’s stock worth $328,000 after acquiring an additional 2,406 shares during the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.

NYSE VEC opened at $29.98 on Friday. Vectrus Inc has a 52-week low of $26.62 and a 52-week high of $41.48. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.36. The firm has a market cap of $350.82 million, a PE ratio of 13.82 and a beta of 1.52.

Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.02). Vectrus had a return on equity of 16.10% and a net margin of 5.19%. The company had revenue of $321.13 million for the quarter, compared to the consensus estimate of $306.20 million. On average, equities analysts expect that Vectrus Inc will post 3.25 EPS for the current year.

A number of research firms have recently issued reports on VEC. ValuEngine downgraded shares of Vectrus from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, August 11th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Vectrus currently has a consensus rating of “Hold” and an average target price of $39.00.

In other Vectrus news, Director Melvin Parker sold 1,375 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $32.27, for a total value of $44,371.25. Following the completion of the sale, the director now directly owns 8,250 shares of the company’s stock, valued at $266,227.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric M. Pillmore purchased 1,000 shares of the stock in a transaction on Monday, October 8th. The stock was acquired at an average cost of $29.88 per share, with a total value of $29,880.00. Following the completion of the purchase, the director now directly owns 13,002 shares of the company’s stock, valued at $388,499.76. The disclosure for this purchase can be found here. Insiders own 2.80% 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. 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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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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