Vectrus Inc (NYSE:VEC) Director Eric M. Pillmore acquired 500 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were bought at an average cost of $25.98 per share, with a total value of $12,990.00. Following the completion of the acquisition, the director now directly owns 14,002 shares in the company, valued at approximately $363,771.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
NYSE VEC opened at $25.36 on Friday. Vectrus Inc has a 52-week low of $24.51 and a 52-week high of $41.48. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The firm has a market cap of $293.57 million, a PE ratio of 11.69 and a beta of 1.60.
Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Vectrus had a net margin of 5.36% and a return on equity of 16.74%. The company had revenue of $308.10 million during the quarter, compared to the consensus estimate of $310.47 million. On average, equities analysts expect that Vectrus Inc will post 2.97 EPS for the current year.
VEC has been the subject of a number of research analyst reports. Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a report on Wednesday, August 8th. ValuEngine raised shares of Vectrus from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Zacks Investment Research raised shares of Vectrus from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, August 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Vectrus has an average rating of “Hold” and a consensus target price of $39.00.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC bought a new stake in Vectrus in the third quarter worth $3,428,000. BlackRock Inc. lifted its stake in Vectrus by 2.0% in the third quarter. BlackRock Inc. now owns 898,160 shares of the business services provider’s stock worth $28,013,000 after purchasing an additional 17,656 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Vectrus in the third quarter worth $254,000. JPMorgan Chase & Co. lifted its stake in Vectrus by 2.2% in the third quarter. JPMorgan Chase & Co. now owns 536,438 shares of the business services provider’s stock worth $16,732,000 after purchasing an additional 11,689 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its stake in Vectrus by 19.4% in the third quarter. Stone Ridge Asset Management LLC now owns 16,017 shares of the business services provider’s stock worth $500,000 after purchasing an additional 2,600 shares during the last quarter. 86.97% of the stock is owned by institutional investors.
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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.
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