Gabelli Funds LLC lessened its stake in Vectrus Inc (NYSE:VEC) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,500 shares of the business services provider’s stock after selling 2,000 shares during the quarter. Gabelli Funds LLC owned about 0.50% of Vectrus worth $2,337,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantamental Technologies LLC increased its holdings in Vectrus by 900.0% in the second quarter. Quantamental Technologies LLC now owns 1,000 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 900 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Vectrus by 53.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,013 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 352 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Vectrus in the third quarter valued at about $61,000. Bank of Montreal Can increased its holdings in Vectrus by 173.7% in the second quarter. Bank of Montreal Can now owns 1,601 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 1,016 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Vectrus by 147.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,774 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 3,440 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.
Shares of Vectrus stock traded up $0.87 during trading hours on Friday, hitting $53.15. The company’s stock had a trading volume of 179,991 shares, compared to its average volume of 83,369. Vectrus Inc has a 12 month low of $19.61 and a 12 month high of $53.59. The stock has a 50 day moving average of $43.57 and a 200 day moving average of $40.74. The company has a market capitalization of $534.12 million, a PE ratio of 18.08 and a beta of 1.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 1.34.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.02). Vectrus had a return on equity of 15.05% and a net margin of 2.54%. The business had revenue of $359.85 million during the quarter, compared to the consensus estimate of $349.34 million. Equities analysts expect that Vectrus Inc will post 3.22 EPS for the current year.
A number of research firms recently commented on VEC. Peel Hunt reiterated a “hold” rating on shares of Vectrus in a report on Tuesday, October 29th. B. Riley upped their price objective on Vectrus from $49.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine downgraded Vectrus from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup reiterated a “buy” rating on shares of Vectrus in a report on Wednesday. Finally, Noble Financial restated a “hold” rating on shares of Vectrus in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.33.
In other Vectrus news, Director William F. Murdy sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $41.43, for a total value of $41,430.00. Following the completion of the sale, the director now directly owns 15,671 shares in the company, valued at $649,249.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.40% of the stock is owned by corporate insiders.
Vectrus Company Profile
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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