Millennium Management LLC raised its stake in Vectrus Inc (NYSE:VEC) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 115,308 shares of the business services provider’s stock after purchasing an additional 1,594 shares during the quarter. Millennium Management LLC owned 1.02% of Vectrus worth $3,554,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Vectrus by 11.2% in the second quarter. BlackRock Inc. now owns 880,504 shares of the business services provider’s stock valued at $27,137,000 after purchasing an additional 88,973 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Vectrus by 19.3% during the second quarter. Dimensional Fund Advisors LP now owns 673,184 shares of the business services provider’s stock valued at $20,748,000 after acquiring an additional 108,807 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Vectrus by 0.7% during the second quarter. Acadian Asset Management LLC now owns 411,597 shares of the business services provider’s stock valued at $12,686,000 after acquiring an additional 2,703 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Vectrus by 8.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 190,025 shares of the business services provider’s stock valued at $5,857,000 after acquiring an additional 15,520 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Vectrus by 5.3% during the first quarter. Russell Investments Group Ltd. now owns 130,187 shares of the business services provider’s stock valued at $4,848,000 after acquiring an additional 6,530 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
A number of brokerages recently commented on VEC. Noble Financial restated a “hold” rating on shares of Vectrus in a report on Wednesday, August 8th. ValuEngine upgraded Vectrus from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded Vectrus from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Saturday, August 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.00.
In related news, Director Melvin Parker sold 1,375 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $32.27, for a total value of $44,371.25. Following the sale, the director now directly owns 8,250 shares of the company’s stock, valued at $266,227.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Eric M. Pillmore purchased 1,000 shares of Vectrus stock in a transaction that occurred on Monday, October 8th. The stock was purchased at an average cost of $29.88 per share, for a total transaction of $29,880.00. Following the completion of the purchase, the director now owns 13,002 shares of the company’s stock, valued at $388,499.76. The disclosure for this purchase can be found here. 2.80% of the stock is owned by corporate insiders.
Shares of Vectrus stock opened at $27.94 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.36. The company has a market cap of $322.58 million, a P/E ratio of 12.88 and a beta of 1.52. Vectrus Inc has a 52 week low of $26.62 and a 52 week high of $41.48.
Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.02). The firm had revenue of $321.13 million during the quarter, compared to analysts’ expectations of $306.20 million. Vectrus had a return on equity of 16.10% and a net margin of 5.19%. On average, equities analysts predict that Vectrus Inc will post 3.25 earnings per share for the current fiscal year.
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.
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