Alliancebernstein L.P. Grows Stock Position in Vectrus Inc (NYSE:VEC)

Alliancebernstein L.P. increased its holdings in Vectrus Inc (NYSE:VEC) by 8.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 35,661 shares of the business services provider’s stock after purchasing an additional 2,700 shares during the quarter. Alliancebernstein L.P.’s holdings in Vectrus were worth $1,477,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Vectrus by 1.2% during the 4th quarter. Rhumbline Advisers now owns 18,711 shares of the business services provider’s stock valued at $959,000 after acquiring an additional 215 shares during the last quarter. Swiss National Bank boosted its holdings in Vectrus by 1.4% in the 1st quarter. Swiss National Bank now owns 22,300 shares of the business services provider’s stock worth $923,000 after acquiring an additional 300 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Vectrus by 6.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,489 shares of the business services provider’s stock valued at $227,000 after buying an additional 320 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Vectrus by 25.1% during the 4th quarter. Bank of Montreal Can now owns 1,908 shares of the business services provider’s stock valued at $98,000 after buying an additional 383 shares during the last quarter. Finally, Brooktree Capital Management purchased a new position in shares of Vectrus during the 4th quarter valued at approximately $26,000. Institutional investors own 91.10% of the company’s stock.

Several brokerages recently issued reports on VEC. B. Riley restated a “buy” rating and set a $60.00 price objective on shares of Vectrus in a research note on Tuesday, May 19th. Zacks Investment Research lowered Vectrus from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. ValuEngine lowered Vectrus from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Noble Financial reaffirmed a “buy” rating and set a $62.00 target price on shares of Vectrus in a report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Vectrus has an average rating of “Hold” and a consensus price target of $62.50.

In related news, CEO Charles Prow sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $55.75, for a total value of $223,000.00. Following the sale, the chief executive officer now owns 37,519 shares of the company’s stock, valued at approximately $2,091,684.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

Shares of VEC stock opened at $49.47 on Wednesday. The stock’s 50 day simple moving average is $51.04 and its 200 day simple moving average is $49.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.23 and a current ratio of 1.23. Vectrus Inc has a twelve month low of $28.90 and a twelve month high of $59.24. The company has a market capitalization of $537.30 million, a price-to-earnings ratio of 15.91 and a beta of 1.67.

Vectrus (NYSE:VEC) last issued its quarterly earnings results on Tuesday, May 12th. The business services provider reported $0.74 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.74. Vectrus had a return on equity of 15.04% and a net margin of 2.58%. The company had revenue of $351.73 million for the quarter, compared to the consensus estimate of $331.84 million. On average, analysts forecast that Vectrus Inc will post 3.69 EPS 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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Institutional Ownership by Quarter for Vectrus (NYSE:VEC)

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