Vectrus (NYSE:VEC) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Vectrus (NYSE:VECGet Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the business services provider’s stock.

Vectrus Price Performance

Vectrus has a fifty-two week low of $30.69 and a fifty-two week high of $52.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $388.40 million, a P/E ratio of 10.63 and a beta of 1.10. The business’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $38.91.

Vectrus (NYSE:VECGet Rating) last posted its earnings results on Tuesday, May 10th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.19. Vectrus had a return on equity of 15.76% and a net margin of 2.02%. The business had revenue of $456.47 million during the quarter, compared to the consensus estimate of $426.18 million. As a group, equities research analysts expect that Vectrus will post 4.71 earnings per share for the current year.

Insider Activity

In related news, Director Mary L. Howell purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $50,010.00. Following the transaction, the director now directly owns 27,819 shares of the company’s stock, valued at approximately $927,485.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary L. Howell purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average price of $33.34 per share, for a total transaction of $50,010.00. Following the transaction, the director now directly owns 27,819 shares of the company’s stock, valued at approximately $927,485.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin T. Boyle purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average price of $34.38 per share, for a total transaction of $34,380.00. Following the transaction, the senior vice president now directly owns 10,332 shares in the company, valued at $355,214.16. The disclosure for this purchase can be found here. In the last three months, insiders bought 5,450 shares of company stock valued at $186,374. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On Vectrus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its position in Vectrus by 13.5% during the 4th quarter. Lazard Asset Management LLC now owns 1,952 shares of the business services provider’s stock worth $89,000 after purchasing an additional 232 shares during the period. Walthausen & Co. LLC grew its holdings in shares of Vectrus by 0.7% in the 1st quarter. Walthausen & Co. LLC now owns 44,250 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 300 shares during the period. Rothschild Investment Corp IL grew its holdings in shares of Vectrus by 6.4% in the 1st quarter. Rothschild Investment Corp IL now owns 8,996 shares of the business services provider’s stock worth $323,000 after acquiring an additional 543 shares during the period. US Bancorp DE grew its holdings in shares of Vectrus by 113.1% in the 1st quarter. US Bancorp DE now owns 1,234 shares of the business services provider’s stock worth $44,000 after acquiring an additional 655 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Vectrus by 5.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,075 shares of the business services provider’s stock worth $782,000 after acquiring an additional 832 shares during the period. Institutional investors and hedge funds own 93.51% of the company’s stock.

Vectrus Company Profile

(Get Rating)

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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