IndexIQ Advisors LLC grew its position in Vectrus Inc (NYSE:VEC) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,801 shares of the business services provider’s stock after buying an additional 3,362 shares during the period. IndexIQ Advisors LLC’s holdings in Vectrus were worth $1,590,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. grew its stake in shares of Vectrus by 16.1% in the 4th 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 during the period. California Public Employees Retirement System grew its stake in shares of Vectrus by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 29,334 shares of the business services provider’s stock valued at $633,000 after buying an additional 1,311 shares during the period. James Investment Research Inc. grew its stake in shares of Vectrus by 5.7% in the 1st quarter. James Investment Research Inc. now owns 24,330 shares of the business services provider’s stock valued at $647,000 after buying an additional 1,315 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Vectrus by 16.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,087 shares of the business services provider’s stock valued at $321,000 after buying an additional 1,732 shares during the period. Finally, Teachers Advisors LLC grew its stake in shares of Vectrus by 3.0% in the 3rd quarter. Teachers Advisors LLC now owns 61,485 shares of the business services provider’s stock valued at $1,918,000 after buying an additional 1,763 shares during the period. 86.75% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on VEC. ValuEngine raised shares of Vectrus from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Wednesday, May 1st. TheStreet upgraded shares of Vectrus from a “c+” rating to a “b” rating in a report on Monday, April 15th. Drexel Hamilton upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, April 16th. Finally, Noble Financial restated a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.00.
Shares of VEC stock opened at $38.14 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. Vectrus Inc has a one year low of $19.61 and a one year high of $42.24. The company has a market capitalization of $435.67 million, a PE ratio of 12.97 and a beta of 1.80.
Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.06). Vectrus had a return on equity of 16.53% and a net margin of 2.82%. The company had revenue of $325.93 million during the quarter, compared to analyst estimates of $325.75 million. Equities analysts expect that Vectrus Inc will post 3.35 earnings per share for the current year.
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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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