Strs Ohio raised its position in Vectrus Inc (NYSE:VEC) by 11.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,400 shares of the business services provider’s stock after purchasing an additional 2,600 shares during the period. Strs Ohio owned 0.23% of Vectrus worth $548,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall Wace LLP bought a new stake in shares of Vectrus in the 3rd quarter valued at $3,551,000. FMR LLC bought a new stake in shares of Vectrus in the 3rd quarter valued at $3,428,000. BlackRock Inc. increased its stake in shares of Vectrus by 11.2% in the 2nd quarter. BlackRock Inc. now owns 880,504 shares of the business services provider’s stock valued at $27,137,000 after acquiring an additional 88,973 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Vectrus by 10.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock valued at $23,278,000 after acquiring an additional 73,126 shares in the last quarter. Finally, Putnam Investments LLC increased its stake in shares of Vectrus by 305.6% in the 3rd quarter. Putnam Investments LLC now owns 74,145 shares of the business services provider’s stock valued at $2,313,000 after acquiring an additional 55,865 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.
In other news, Director Melvin Parker sold 1,375 shares of the stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $21.64, for a total value of $29,755.00. Following the sale, the director now directly owns 4,125 shares of the company’s stock, valued at $89,265. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Louis J. Giuliano purchased 5,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was purchased at an average cost of $22.84 per share, for a total transaction of $114,200.00. Following the completion of the acquisition, the director now owns 43,342 shares of the company’s stock, valued at approximately $989,931.28. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 10,934 shares of company stock worth $247,770 and have sold 4,125 shares worth $95,150. 2.80% of the stock is owned by corporate insiders.
A number of brokerages have commented on VEC. Drexel Hamilton restated a “hold” rating on shares of Vectrus in a research note on Monday, November 12th. ValuEngine upgraded shares of Vectrus from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 2nd. Zacks Investment Research upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Finally, TheStreet lowered shares of Vectrus from a “b-” rating to a “c+” rating in a research note on Friday, December 14th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.00.
NYSE VEC traded up $0.08 during trading on Monday, hitting $25.22. 277 shares of the company’s stock traded hands, compared to its average volume of 39,655. The company has a market cap of $283.10 million, a PE ratio of 11.62 and a beta of 1.56. Vectrus Inc has a 12-month low of $19.61 and a 12-month high of $41.48. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.33.
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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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