Insider Selling: Vectrus Inc (NYSE:VEC) Director Sells 1,375 Shares of Stock

Vectrus Inc (NYSE:VEC) Director Melvin Parker sold 1,375 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $26.87, for a total transaction of $36,946.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Melvin Parker also recently made the following trade(s):

  • On Wednesday, February 20th, Melvin Parker sold 1,375 shares of Vectrus stock. The stock was sold at an average price of $28.09, for a total value of $38,623.75.
  • On Tuesday, January 22nd, Melvin Parker sold 1,375 shares of Vectrus stock. The shares were sold at an average price of $23.57, for a total value of $32,408.75.

NYSE:VEC traded up $9.26 during trading hours on Monday, reaching $39.00. 786,910 shares of the company traded hands, compared to its average volume of 74,746. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.39 and a current ratio of 1.39. Vectrus Inc has a 1-year low of $19.61 and a 1-year high of $40.63. The stock has a market cap of $337.25 million, a PE ratio of 13.27 and a beta of 1.56.

Vectrus (NYSE:VEC) last announced its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.05). Vectrus had a net margin of 2.76% and a return on equity of 16.86%. As a group, equities research analysts predict that Vectrus Inc will post 3.34 earnings per share for the current fiscal year.

A number of analysts have weighed in on VEC shares. Noble Financial reiterated a “hold” rating on shares of Vectrus in a research note on Thursday, February 28th. ValuEngine raised Vectrus from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Zacks Investment Research upgraded Vectrus from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Vectrus has an average rating of “Hold” and a consensus target price of $41.00.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Vectrus by 70.6% during the second quarter. Bank of America Corp DE now owns 7,042 shares of the business services provider’s stock worth $217,000 after buying an additional 2,914 shares during the last quarter. First Trust Advisors LP grew its stake in Vectrus by 34.3% during the third quarter. First Trust Advisors LP now owns 17,084 shares of the business services provider’s stock worth $533,000 after buying an additional 4,364 shares during the last quarter. Wells Fargo & Company MN grew its stake in Vectrus by 138.8% during the third quarter. Wells Fargo & Company MN now owns 77,665 shares of the business services provider’s stock worth $2,423,000 after buying an additional 45,139 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Vectrus by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 536,438 shares of the business services provider’s stock worth $16,732,000 after buying an additional 11,689 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Vectrus during the third quarter worth about $254,000. Institutional investors own 87.23% of the company’s stock.

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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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