Vectrus Inc (NYSE:VEC) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 67,400 shares, a decrease of 36.9% from the June 30th total of 106,800 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 93,600 shares, the days-to-cover ratio is presently 0.7 days.

Several research analysts have recently issued reports on VEC shares. Zacks Investment Research downgraded Vectrus from a “buy” rating to a “hold” rating in a research note on Friday. Noble Financial reaffirmed a “hold” rating on shares of Vectrus in a research note on Thursday, August 8th. B. Riley started coverage on Vectrus in a research note on Tuesday, June 25th. They issued a “buy” rating and a $49.00 price objective for the company. Drexel Hamilton raised Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, April 16th. Finally, ValuEngine downgraded Vectrus from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Vectrus currently has an average rating of “Hold” and a consensus price target of $46.33.

A number of hedge funds have recently made changes to their positions in VEC. Russell Investments Group Ltd. boosted its holdings in Vectrus by 900.3% in the second quarter. Russell Investments Group Ltd. now owns 715,673 shares of the business services provider’s stock valued at $28,974,000 after acquiring an additional 644,127 shares during the last quarter. RK Capital Management LLC bought a new stake in Vectrus in the second quarter valued at approximately $3,938,000. Renaissance Technologies LLC boosted its holdings in Vectrus by 74.5% in the second quarter. Renaissance Technologies LLC now owns 153,400 shares of the business services provider’s stock valued at $6,222,000 after acquiring an additional 65,500 shares during the last quarter. FMR LLC boosted 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 last quarter. Finally, American Century Companies Inc. bought a new stake in Vectrus in the fourth quarter valued at approximately $1,206,000. Institutional investors and hedge funds own 85.84% of the company’s stock.

VEC stock traded down $0.34 during trading on Tuesday, hitting $41.90. The company had a trading volume of 228 shares, compared to its average volume of 101,796. The stock has a 50-day moving average price of $41.14. Vectrus has a one year low of $19.61 and a one year high of $46.51. The firm has a market cap of $488.55 million, a PE ratio of 14.56 and a beta of 1.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.34 and a current ratio of 1.34.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Vectrus had a return on equity of 15.37% and a net margin of 2.68%. The business had revenue of $331.59 million for the quarter, compared to analysts’ expectations of $325.80 million. Equities analysts expect that Vectrus will post 3.19 earnings per share for the current fiscal year.

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.

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