Prudential Financial Inc. Has $7.74 Million Holdings in Vectrus Inc (VEC)

Prudential Financial Inc. cut its stake in shares of Vectrus Inc (NYSE:VEC) by 16.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,087 shares of the business services provider’s stock after selling 48,642 shares during the quarter. Prudential Financial Inc. owned approximately 2.21% of Vectrus worth $7,738,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Putnam Investments LLC bought a new position in shares of Vectrus during the second quarter valued at $563,000. Aperio Group LLC lifted its holdings in shares of Vectrus by 21.0% during the second quarter. Aperio Group LLC now owns 9,581 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 1,660 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Vectrus by 28.7% during the third quarter. Alps Advisors Inc. now owns 14,826 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 3,306 shares during the period. Citadel Advisors LLC increased its stake in shares of Vectrus by 577.3% in the second quarter. Citadel Advisors LLC now owns 62,803 shares of the business services provider’s stock valued at $1,936,000 after buying an additional 53,531 shares in the last quarter. Finally, Mackay Shields LLC increased its stake in shares of Vectrus by 5.0% in the second quarter. Mackay Shields LLC now owns 97,443 shares of the business services provider’s stock valued at $3,003,000 after buying an additional 4,600 shares in the last quarter. 87.25% of the stock is owned by institutional investors.

Shares of NYSE:VEC opened at $22.80 on Friday. Vectrus Inc has a twelve month low of $22.08 and a twelve month high of $41.48. The firm has a market capitalization of $257.88 million, a PE ratio of 10.51 and a beta of 1.56. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.40 and a quick ratio of 1.40.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Vectrus had a return on equity of 16.74% and a net margin of 5.36%. The company had revenue of $308.10 million during the quarter, compared to analyst estimates of $310.47 million. Equities analysts anticipate that Vectrus Inc will post 3.27 earnings per share for the current year.

A number of analysts have recently weighed in on the company. ValuEngine lowered Vectrus from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. 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 research note on Saturday, August 11th. Finally, Drexel Hamilton restated a “hold” rating on shares of Vectrus in a research note on Monday, November 12th.

In other news, Director Stephen L. Waechter acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was purchased at an average cost of $25.50 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the director now directly owns 11,752 shares in the company, valued at $299,676. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Melvin Parker sold 1,375 shares of Vectrus stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $32.27, for a total value of $44,371.25. Following the completion of the sale, the director now owns 8,250 shares of the company’s stock, valued at $266,227.50. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 5,250 shares of company stock valued at $137,983 and sold 4,125 shares valued at $116,064. Company insiders own 2.80% of the company’s stock.

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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.

See Also: Balanced Fund

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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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