TheStreet Upgrades Vectrus (NYSE:VEC) to B

TheStreet upgraded shares of Vectrus (NYSE:VEC) from a c+ rating to a b rating in a research note issued to investors on Monday, April 15th, TheStreetRatingsTable reports.

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Vectrus from a strong sell rating to a sell rating in a research report on Monday, January 7th. Drexel Hamilton upgraded shares of Vectrus from a hold rating to a buy rating and set a $45.00 target price for the company in a research report on Tuesday, April 16th. Noble Financial restated a hold rating on shares of Vectrus in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Vectrus from a sell rating to a hold rating in a research report on Saturday, January 12th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Vectrus presently has a consensus rating of Buy and a consensus target price of $45.00.

Shares of VEC traded down $0.26 on Monday, hitting $38.01. The company’s stock had a trading volume of 178,219 shares, compared to its average volume of 88,361. The company has a market capitalization of $463.08 million, a P/E ratio of 12.93 and a beta of 1.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 1.39. Vectrus has a fifty-two week low of $19.61 and a fifty-two week high of $42.24.

Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). Vectrus had a return on equity of 16.86% and a net margin of 2.76%. The firm had revenue of $325.93 million for the quarter, compared to analyst estimates of $325.75 million. On average, sell-side analysts anticipate that Vectrus will post 3.35 EPS for the current fiscal year.

In related news, Director Melvin Parker sold 1,375 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $28.09, for a total value of $38,623.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in shares of Vectrus by 348.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the business services provider’s stock worth $62,000 after purchasing an additional 1,813 shares during the period. Citigroup Inc. boosted its position in Vectrus by 16.1% in the fourth quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock valued at $83,000 after buying an additional 536 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Vectrus by 373.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,021 shares of the business services provider’s stock valued at $87,000 after buying an additional 3,172 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Vectrus in the first quarter valued at approximately $117,000. Finally, Campbell & CO Investment Adviser LLC boosted its position in Vectrus by 29.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 10,511 shares of the business services provider’s stock valued at $251,000 after buying an additional 2,362 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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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