MetLife Investment Advisors LLC Has $122,000 Position in Vectrus Inc (VEC)

MetLife Investment Advisors LLC lowered its stake in shares of Vectrus Inc (NYSE:VEC) by 36.0% in the fourth quarter, Holdings Channel reports. The fund owned 5,647 shares of the business services provider’s stock after selling 3,172 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Vectrus were worth $122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VEC. Marshall Wace LLP acquired a new position in shares of Vectrus during the 3rd quarter valued at about $3,551,000. FMR LLC acquired a new position in shares of Vectrus during the 3rd quarter valued at about $3,428,000. D. E. Shaw & Co. Inc. increased its stake in shares of Vectrus by 56.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 236,549 shares of the business services provider’s stock valued at $5,105,000 after acquiring an additional 85,037 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vectrus by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock valued at $23,278,000 after acquiring an additional 73,126 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in shares of Vectrus by 36.3% during the 4th quarter. ClariVest Asset Management LLC now owns 213,575 shares of the business services provider’s stock valued at $4,609,000 after acquiring an additional 56,878 shares during the last quarter. 86.54% of the stock is owned by institutional investors.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Drexel Hamilton raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, April 16th. TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a research note on Thursday, February 28th. Finally, Zacks Investment Research raised shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Vectrus currently has a consensus rating of “Hold” and an average target price of $43.00.

In related news, Director Melvin Parker sold 1,375 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.

NYSE VEC opened at $40.50 on Friday. Vectrus Inc has a 12 month low of $19.61 and a 12 month high of $40.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $459.72 million, a PE ratio of 13.78 and a beta of 1.56.

Vectrus (NYSE:VEC) last posted its earnings results on Tuesday, February 26th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.05). Vectrus had a return on equity of 16.86% and a net margin of 2.76%. On average, analysts expect that Vectrus Inc will post 3.35 earnings per share for the current fiscal year.

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About Vectrus

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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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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