Russell Investments Group Ltd. lifted its position in shares of Vectrus Inc (NYSE:VEC) by 15.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 829,143 shares of the business services provider’s stock after purchasing an additional 113,470 shares during the period. Russell Investments Group Ltd. owned 7.20% of Vectrus worth $33,694,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in Vectrus by 11.7% in the third quarter. California Public Employees Retirement System now owns 22,989 shares of the business services provider’s stock worth $935,000 after buying an additional 2,399 shares during the last quarter. James Investment Research Inc. increased its position in shares of Vectrus by 6.3% during the third quarter. James Investment Research Inc. now owns 27,040 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 1,605 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Vectrus by 3.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 14,193 shares of the business services provider’s stock valued at $577,000 after buying an additional 527 shares in the last quarter. Rhumbline Advisers grew its holdings in Vectrus by 9.0% in the 3rd quarter. Rhumbline Advisers now owns 18,496 shares of the business services provider’s stock valued at $752,000 after buying an additional 1,531 shares in the last quarter. Finally, KAMES CAPITAL plc purchased a new stake in Vectrus in the 3rd quarter valued at $1,648,000. 91.45% of the stock is currently owned by institutional investors.
In other news, Director William F. Murdy sold 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $41.43, for a total value of $41,430.00. Following the transaction, the director now owns 15,671 shares of the company’s stock, valued at approximately $649,249.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.
Shares of NYSE:VEC opened at $52.28 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $43.36 and a two-hundred day moving average of $40.67. The stock has a market cap of $534.12 million, a P/E ratio of 17.78 and a beta of 1.79. Vectrus Inc has a 52-week low of $19.61 and a 52-week high of $52.83.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.02). Vectrus had a net margin of 2.54% and a return on equity of 15.05%. The business had revenue of $359.85 million during the quarter, compared to analyst estimates of $349.34 million. On average, equities analysts anticipate that Vectrus Inc will post 3.22 earnings per share for the current year.
Several analysts have issued reports on VEC shares. Noble Financial restated a “hold” rating on shares of Vectrus in a report on Thursday, August 8th. Citigroup restated a “buy” rating on shares of Vectrus in a report on Wednesday. Peel Hunt restated a “hold” rating on shares of Vectrus in a report on Tuesday, October 29th. ValuEngine cut Vectrus from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, B. Riley upped their target price on Vectrus from $49.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $48.33.
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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