Sessa Capital IM L.P. Sells 233,391 Shares of Vectrus Inc (VEC)

Sessa Capital IM L.P. reduced its position in shares of Vectrus Inc (NYSE:VEC) by 94.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,700 shares of the business services provider’s stock after selling 233,391 shares during the quarter. Vectrus comprises 0.1% of Sessa Capital IM L.P.’s holdings, making the stock its 27th biggest position. Sessa Capital IM L.P.’s holdings in Vectrus were worth $423,000 at the end of the most recent quarter.

Shares of Vectrus Inc (NYSE VEC) opened at $37.90 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $421.49, a PE ratio of 17.47 and a beta of 2.01. Vectrus Inc has a twelve month low of $21.15 and a twelve month high of $38.64.

Vectrus (NYSE:VEC) last announced its quarterly earnings results on Thursday, March 1st. The business services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.18. The company had revenue of $295.80 million during the quarter, compared to analysts’ expectations of $275.82 million. Vectrus had a return on equity of 16.68% and a net margin of 5.34%. equities analysts anticipate that Vectrus Inc will post 2.99 earnings per share for the current fiscal year.

VEC has been the subject of several recent research reports. TheStreet raised Vectrus from a “c” rating to a “b-” rating in a report on Monday, November 27th. Zacks Investment Research raised Vectrus from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, January 23rd. ValuEngine raised Vectrus from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Noble Financial reissued a “hold” rating on shares of Vectrus in a report on Friday, March 2nd. They noted that the move was a valuation call. Finally, Drexel Hamilton cut Vectrus from a “buy” rating to a “hold” rating in a report on Monday, March 5th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Vectrus presently has an average rating of “Buy” and a consensus price target of $37.00.

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About Vectrus

Vectrus, Inc is a provider of services to the United States Government across the world. The Company offers services, including infrastructure asset management, logistics and supply chain management, and information technology and network communication. Its infrastructure asset management services support the United States Army, Air Force and Navy, and include infrastructure services, security, warehouse management and distribution, ammunition management, civil engineering, air base maintenance and operations, communications, emergency services, transportation, and life support activities at various global military installations.

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