Vectrus (NYSE:VEC) Stock Price Passes Below 50 Day Moving Average of $35.16

Vectrus, Inc. (NYSE:VECGet Rating) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $35.16 and traded as low as $31.87. Vectrus shares last traded at $32.19, with a volume of 66,771 shares trading hands.

Several research firms recently commented on VEC. StockNews.com began coverage on shares of Vectrus in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet cut shares of Vectrus from a “b-” rating to a “c+” rating in a research report on Monday, April 4th. Truist Financial began coverage on shares of Vectrus in a research report on Friday, April 1st. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Stifel Nicolaus began coverage on shares of Vectrus in a research report on Thursday, March 17th. They issued a “hold” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.33.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average price is $35.16 and its 200-day moving average price is $40.06. The company has a market capitalization of $380.71 million, a P/E ratio of 10.42 and a beta of 1.12.

Vectrus (NYSE:VECGet Rating) last issued its earnings results on Tuesday, May 10th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.19. The company had revenue of $456.47 million for the quarter, compared to analysts’ expectations of $426.18 million. Vectrus had a net margin of 2.02% and a return on equity of 15.76%. On average, research analysts predict that Vectrus, Inc. will post 4.71 EPS for the current fiscal year.

In related news, SVP Kevin T. Boyle purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average price of $34.38 per share, for a total transaction of $34,380.00. Following the purchase, the senior vice president now owns 10,332 shares in the company, valued at $355,214.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen L. Waechter bought 2,000 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were acquired at an average price of $34.84 per share, for a total transaction of $69,680.00. Following the transaction, the director now owns 33,579 shares in the company, valued at $1,169,892.36. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 5,450 shares of company stock worth $186,374. 3.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP boosted its position in shares of Vectrus by 675.0% during the 1st quarter. Quantbot Technologies LP now owns 3,379 shares of the business services provider’s stock worth $121,000 after acquiring an additional 2,943 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Vectrus by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 225,633 shares of the business services provider’s stock worth $8,092,000 after acquiring an additional 8,184 shares in the last quarter. State Street Corp boosted its position in shares of Vectrus by 23.0% during the 1st quarter. State Street Corp now owns 533,596 shares of the business services provider’s stock worth $19,135,000 after acquiring an additional 99,606 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Vectrus during the 1st quarter worth approximately $1,020,000. Finally, Invesco Ltd. boosted its position in shares of Vectrus by 20.2% during the 1st quarter. Invesco Ltd. now owns 64,421 shares of the business services provider’s stock worth $2,310,000 after acquiring an additional 10,810 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.

About Vectrus (NYSE:VEC)

Vectrus, Inc provides facility and base operations, supply chain and logistics, information technology mission support, and engineering and digital integration services. It offers facility and base operations services, such as facilities operations and maintenance, security, base life support, facilities engineering and management, airfield management, civil engineering, public works, transportation operations, and emergency services.

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