Fmr LLC Purchases 57,924 Shares of Vectrus Inc (VEC)

Fmr LLC boosted its position in Vectrus Inc (NYSE:VEC) by 52.7% during the 4th quarter, Holdings Channel reports. The fund owned 167,823 shares of the business services provider’s stock after buying an additional 57,924 shares during the quarter. Fmr LLC’s holdings in Vectrus were worth $3,622,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Vectrus by 138.8% in the third quarter. Wells Fargo & Company MN now owns 77,665 shares of the business services provider’s stock valued at $2,423,000 after purchasing an additional 45,139 shares during the period. BlackRock Inc. boosted its position in Vectrus by 2.0% during the third quarter. BlackRock Inc. now owns 898,160 shares of the business services provider’s stock worth $28,013,000 after acquiring an additional 17,656 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Vectrus by 10.9% during the third quarter. Dimensional Fund Advisors LP now owns 746,310 shares of the business services provider’s stock worth $23,278,000 after acquiring an additional 73,126 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Vectrus by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 536,438 shares of the business services provider’s stock worth $16,732,000 after acquiring an additional 11,689 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in Vectrus by 56.2% during the third quarter. MetLife Investment Advisors LLC now owns 8,819 shares of the business services provider’s stock worth $275,000 after acquiring an additional 3,172 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.

VEC opened at $40.50 on Monday. The stock has a market cap of $459.72 million, a P/E ratio of 13.78 and a beta of 1.56. Vectrus Inc has a twelve month low of $19.61 and a twelve month high of $40.91. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.31.

Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, February 26th. The business services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.05). Vectrus had a return on equity of 16.86% and a net margin of 2.76%. Equities analysts predict that Vectrus Inc will post 3.35 EPS for the current year.

In other Vectrus news, Director Melvin Parker sold 1,375 shares of Vectrus stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $26.87, for a total transaction of $36,946.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.40% of the stock is owned by insiders.

A number of research firms recently weighed in on VEC. ValuEngine upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Drexel Hamilton upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, April 16th. TheStreet upgraded shares of Vectrus from a “c+” rating to a “b” rating in a research report on Monday, April 15th. Noble Financial restated a “hold” rating on shares of Vectrus in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.00.

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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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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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