State Board of Administration of Florida Retirement System lowered its stake in Vectrus Inc. (NYSE:VEC) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 9,088 shares of the company’s stock after selling 7 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.09% of Vectrus worth $259,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VEC. California Public Employees Retirement System raised its stake in shares of Vectrus by 10.5% in the second quarter. California Public Employees Retirement System now owns 32,500 shares of the company’s stock valued at $926,000 after buying an additional 3,100 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Vectrus during the second quarter valued at approximately $12,305,000. Bank of New York Mellon Corp raised its stake in shares of Vectrus by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 57,542 shares of the company’s stock valued at $1,639,000 after buying an additional 2,490 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Vectrus during the second quarter valued at approximately $659,000. Finally, Smith Asset Management Group LP raised its stake in shares of Vectrus by 10.6% in the second quarter. Smith Asset Management Group LP now owns 61,620 shares of the company’s stock valued at $1,756,000 after buying an additional 5,920 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
Vectrus Inc. (NYSE:VEC) traded up 2.01% during mid-day trading on Friday, hitting $16.23. 114,478 shares of the stock traded hands. Vectrus Inc. has a 1-year low of $12.50 and a 1-year high of $34.98. The stock has a market cap of $174.13 million, a price-to-earnings ratio of 5.42 and a beta of 1.98. The company’s 50 day moving average price is $24.74 and its 200-day moving average price is $26.15.
Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business earned $307.90 million during the quarter, compared to the consensus estimate of $295.65 million. Vectrus had a return on equity of 27.52% and a net margin of 2.66%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Analysts predict that Vectrus Inc. will post $2.29 earnings per share for the current year.
Separately, Stifel Nicolaus assumed coverage on shares of Vectrus in a research report on Thursday, September 29th. They issued a “hold” rating and a $22.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.
In related news, SVP Kelvin Coppock sold 2,000 shares of the stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $32.54, for a total transaction of $65,080.00. Following the sale, the senior vice president now directly owns 6,792 shares of the company’s stock, valued at approximately $221,011.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.
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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