Vectrus, Inc. (NYSE:VEC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States. “
Several other equities analysts have also recently issued reports on the company. TheStreet cut Vectrus from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th. Stifel Nicolaus assumed coverage on Vectrus in a report on Thursday, September 29th. They set a “hold” rating and a $22.00 price objective for the company.
Vectrus (NYSE:VEC) opened at 23.97 on Wednesday. The stock has a 50 day moving average price of $23.76 and a 200 day moving average price of $25.20. Vectrus has a 52 week low of $12.50 and a 52 week high of $34.98. The firm has a market cap of $258.25 million, a price-to-earnings ratio of 10.37 and a beta of 2.19.
Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The firm earned $283.80 million during the quarter, compared to analysts’ expectations of $294.25 million. Vectrus had a return on equity of 25.07% and a net margin of 2.08%. Vectrus’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. Equities research analysts expect that Vectrus will post $2.22 EPS for the current year.
In other news, Director Louis J. Giuliano acquired 5,000 shares of Vectrus stock in a transaction that occurred on Wednesday, December 14th. The stock was purchased at an average cost of $23.03 per share, with a total value of $115,150.00. Following the completion of the acquisition, the director now owns 23,918 shares in the company, valued at approximately $550,831.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC boosted its position in shares of Vectrus by 1.1% in the second quarter. Sterling Capital Management LLC now owns 86,760 shares of the company’s stock valued at $2,472,000 after buying an additional 940 shares in the last quarter. Numeric Investors LLC bought a new position in Vectrus during the second quarter valued at $5,976,000. Panagora Asset Management Inc. increased its position in Vectrus by 155.5% in the second quarter. Panagora Asset Management Inc. now owns 43,831 shares of the company’s stock valued at $1,249,000 after buying an additional 26,675 shares during the last quarter. Zacks Investment Management bought a new position in Vectrus during the second quarter valued at $1,372,000. Finally, Parametric Portfolio Associates LLC increased its position in Vectrus by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 22,773 shares of the company’s stock valued at $649,000 after buying an additional 133 shares during the last quarter. 81.28% of the stock is owned by hedge funds and other institutional investors.
Vectrus Company Profile
Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.
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