Vectrus Inc (NYSE:VEC) Holdings Reduced by Ajo LP
Ajo LP lowered its holdings in Vectrus Inc (NYSE:VEC) by 89.8% in the first quarter, HoldingsChannel.com reports. The fund owned 16,313 shares of the business services provider’s stock after selling 143,415 shares during the quarter. Ajo LP’s holdings in Vectrus were worth $434,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in VEC. D. E. Shaw & Co. Inc. lifted its holdings in Vectrus by 56.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 236,549 shares of the business services provider’s stock valued at $5,105,000 after acquiring an additional 85,037 shares during the period. FMR LLC lifted its holdings in Vectrus by 52.7% in the fourth quarter. FMR LLC now owns 167,823 shares of the business services provider’s stock valued at $3,622,000 after acquiring an additional 57,924 shares during the period. ClariVest Asset Management LLC lifted its holdings in Vectrus by 36.3% in the fourth quarter. ClariVest Asset Management LLC now owns 213,575 shares of the business services provider’s stock valued at $4,609,000 after acquiring an additional 56,878 shares during the period. American Century Companies Inc. acquired a new stake in Vectrus in the fourth quarter valued at $1,206,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Vectrus by 7.0% in the first quarter. Dimensional Fund Advisors LP now owns 831,157 shares of the business services provider’s stock valued at $22,100,000 after acquiring an additional 54,701 shares during the period. 87.07% of the stock is owned by institutional investors.
A number of research firms have commented on VEC. ValuEngine raised Vectrus from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research raised Vectrus from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, May 1st. Noble Financial reissued a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, April 16th. Finally, TheStreet raised Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.00.
Vectrus (NYSE:VEC) last released its quarterly earnings results on Tuesday, May 7th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). The firm had revenue of $325.93 million for the quarter, compared to analyst estimates of $325.75 million. Vectrus had a return on equity of 16.53% and a net margin of 2.82%. On average, analysts expect that Vectrus Inc will post 3.42 EPS for the current fiscal year.
In other news, Director Melvin Parker sold 1,375 shares of Vectrus stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $26.87, for a total transaction of $36,946.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.
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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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