Chicago Equity Partners LLC lessened its stake in shares of Vectrus Inc (NYSE:VEC) by 27.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,344 shares of the business services provider’s stock after selling 42,620 shares during the period. Chicago Equity Partners LLC owned about 1.02% of Vectrus worth $3,566,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Vectrus by 1.4% during the second quarter. Millennium Management LLC now owns 115,308 shares of the business services provider’s stock valued at $3,554,000 after acquiring an additional 1,594 shares in the last quarter. Aperio Group LLC increased its holdings in Vectrus by 21.0% during the second quarter. Aperio Group LLC now owns 9,581 shares of the business services provider’s stock valued at $295,000 after buying an additional 1,660 shares during the period. Strs Ohio increased its holdings in Vectrus by 9.7% during the second quarter. Strs Ohio now owns 20,400 shares of the business services provider’s stock valued at $628,000 after buying an additional 1,800 shares during the period. Globeflex Capital L P increased its holdings in Vectrus by 14.2% during the second quarter. Globeflex Capital L P now owns 15,457 shares of the business services provider’s stock valued at $476,000 after buying an additional 1,920 shares during the period. Finally, First Trust Advisors LP increased its holdings in Vectrus by 19.6% during the second quarter. First Trust Advisors LP now owns 12,720 shares of the business services provider’s stock valued at $392,000 after buying an additional 2,082 shares during the period. 86.97% of the stock is owned by hedge funds and other institutional investors.
Shares of VEC stock opened at $25.36 on Friday. The company has a market cap of $313.92 million, a P/E ratio of 11.69 and a beta of 1.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.37 and a current ratio of 1.37. Vectrus Inc has a 52-week low of $24.51 and a 52-week high of $41.48.
Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.01. The company had revenue of $308.10 million for the quarter, compared to analyst estimates of $310.47 million. Vectrus had a net margin of 5.36% and a return on equity of 17.17%. Sell-side analysts anticipate that Vectrus Inc will post 2.97 earnings per share for the current fiscal year.
In other news, Director Eric M. Pillmore purchased 1,000 shares of the business’s stock in a transaction on Monday, October 8th. The shares were acquired at an average cost of $29.88 per share, with a total value of $29,880.00. Following the completion of the acquisition, the director now owns 13,002 shares of the company’s stock, valued at $388,499.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Melvin Parker sold 1,375 shares of Vectrus stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $32.27, for a total transaction of $44,371.25. Following the completion of the transaction, the director now directly owns 8,250 shares in the company, valued at $266,227.50. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 2,300 shares of company stock worth $66,512. 2.80% of the stock is currently owned by corporate insiders.
VEC has been the topic of several research reports. Noble Financial reissued a “hold” rating on shares of Vectrus in a report on Wednesday, August 8th. ValuEngine raised shares of Vectrus from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $39.00.
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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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