Vectrus (VEC) Lowered to Sell at ValuEngine

Vectrus (NYSE:VEC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other equities research analysts have also commented on VEC. Drexel Hamilton lowered shares of Vectrus from a “buy” rating to a “hold” rating in a research note on Monday, March 5th. Noble Financial lowered shares of Vectrus to a “hold” rating in a research note on Thursday, March 8th. Finally, Zacks Investment Research lowered shares of Vectrus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $34.50.

Shares of NYSE:VEC traded up $0.51 during trading on Monday, reaching $31.33. The stock had a trading volume of 69,900 shares, compared to its average volume of 94,479. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.31 and a current ratio of 1.31. Vectrus has a 52 week low of $25.17 and a 52 week high of $41.48. The firm has a market cap of $345.94 million, a P/E ratio of 14.44 and a beta of 1.56.

Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, May 8th. The business services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.12). Vectrus had a net margin of 5.15% and a return on equity of 15.21%. The firm had revenue of $320.52 million during the quarter, compared to the consensus estimate of $309.29 million. sell-side analysts anticipate that Vectrus will post 3.18 earnings per share for the current year.

In related news, Director Stephen L. Waechter bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average price of $30.97 per share, for a total transaction of $61,940.00. Following the transaction, the director now directly owns 16,002 shares of the company’s stock, valued at $495,581.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Phillip Widman bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were bought at an average price of $31.21 per share, for a total transaction of $312,100.00. Following the transaction, the director now directly owns 11,002 shares in the company, valued at $343,372.42. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,000 shares of company stock worth $647,515 in the last quarter. 2.80% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in VEC. Victory Capital Management Inc. acquired a new position in shares of Vectrus during the 1st quarter valued at $184,000. Matarin Capital Management LLC acquired a new position in shares of Vectrus during the 1st quarter valued at $210,000. Koch Industries Inc. acquired a new position in shares of Vectrus during the 1st quarter valued at $212,000. Element Capital Management LLC acquired a new position in shares of Vectrus during the 1st quarter valued at $228,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Vectrus during the 1st quarter valued at $257,000. Institutional investors own 87.44% 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. It 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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