Campbell & CO Investment Adviser LLC bought a new position in Vectrus Inc (NYSE:VEC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,201 shares of the business services provider’s stock, valued at approximately $206,000.
Several other large investors have also recently bought and sold shares of the stock. Swiss National Bank lifted its position in shares of Vectrus by 1.4% in the first quarter. Swiss National Bank now owns 22,300 shares of the business services provider’s stock worth $923,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Vectrus by 6.2% during the first quarter. BNP Paribas Arbitrage SA now owns 5,489 shares of the business services provider’s stock worth $227,000 after acquiring an additional 320 shares during the last quarter. Two Sigma Advisers LP increased its stake in Vectrus by 1.6% during the first quarter. Two Sigma Advisers LP now owns 25,747 shares of the business services provider’s stock worth $1,066,000 after acquiring an additional 400 shares during the last quarter. Advisor Group Inc. increased its stake in Vectrus by 2,486.0% during the fourth quarter. Advisor Group Inc. now owns 1,474 shares of the business services provider’s stock worth $77,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Vectrus by 7.8% during the first quarter. Rhumbline Advisers now owns 20,175 shares of the business services provider’s stock worth $835,000 after acquiring an additional 1,464 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.
VEC opened at $43.99 on Friday. The stock has a market cap of $526.18 million, a price-to-earnings ratio of 13.93 and a beta of 1.65. The stock’s 50 day moving average price is $47.62 and its 200-day moving average price is $48.85. Vectrus Inc has a one year low of $28.90 and a one year high of $59.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.23 and a current ratio of 1.23.
Vectrus (NYSE:VEC) last released its earnings results on Tuesday, May 12th. The business services provider reported $0.74 EPS for the quarter, meeting analysts’ consensus estimates of $0.74. Vectrus had a return on equity of 15.04% and a net margin of 2.58%. The firm had revenue of $351.73 million for the quarter, compared to analysts’ expectations of $331.84 million. As a group, analysts predict that Vectrus Inc will post 3.69 earnings per share for the current fiscal year.
In related news, CEO Charles Prow sold 4,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $55.75, for a total value of $223,000.00. Following the transaction, the chief executive officer now directly owns 37,519 shares of the company’s stock, valued at approximately $2,091,684.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.90% of the stock is owned by corporate insiders.
Several brokerages have weighed in on VEC. Zacks Investment Research cut Vectrus from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. ValuEngine cut Vectrus from a “hold” rating to a “sell” rating in a research note on Saturday, June 20th. B. Riley reissued a “buy” rating and set a $60.00 price objective on shares of Vectrus in a research note on Tuesday, May 19th. Finally, Noble Financial reaffirmed a “buy” rating and set a $62.00 target price on shares of Vectrus in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Vectrus currently has a consensus rating of “Hold” and a consensus price target of $62.50.
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.
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