Vectrus (VEC) Upgraded to B by TheStreet

Vectrus (NYSE:VEC) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Monday, TheStreetRatingsTable reports.

Several other equities research analysts also recently weighed in on VEC. ValuEngine raised Vectrus from a “strong sell” rating to a “sell” rating in a report on Monday, January 7th. Zacks Investment Research raised Vectrus from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Noble Financial reissued a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. Finally, Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $43.00.

Shares of VEC opened at $35.98 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $442.70 million, a P/E ratio of 12.24 and a beta of 1.56. Vectrus has a 52-week low of $19.61 and a 52-week high of $40.63.

Vectrus (NYSE:VEC) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.05). Vectrus had a net margin of 2.76% and a return on equity of 16.86%. On average, sell-side analysts predict that Vectrus will post 3.34 EPS for the current fiscal year.

In other news, Director Melvin Parker sold 1,375 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $28.09, for a total value of $38,623.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 4,125 shares of company stock valued at $107,979 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in VEC. Citigroup Inc. raised its stake in shares of Vectrus by 16.1% during the fourth quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock worth $83,000 after purchasing an additional 536 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Vectrus by 373.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,021 shares of the business services provider’s stock worth $87,000 after purchasing an additional 3,172 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Vectrus by 29.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 10,511 shares of the business services provider’s stock worth $251,000 after purchasing an additional 2,362 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Vectrus by 30.1% during the fourth quarter. Bank of America Corp DE now owns 12,060 shares of the business services provider’s stock worth $260,000 after purchasing an additional 2,791 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Vectrus by 56.2% during the third quarter. MetLife Investment Advisors LLC now owns 8,819 shares of the business services provider’s stock worth $275,000 after purchasing an additional 3,172 shares during the last quarter. Institutional investors and hedge funds own 86.54% 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. The company 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.

Read More: Catch-Up Contributions

Receive News & Ratings for Vectrus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectrus and related companies with MarketBeat.com's FREE daily email newsletter.