California State Teachers Retirement System Has $639,000 Stake in Vectrus Inc. (VEC)
California State Teachers Retirement System decreased its position in Vectrus Inc. (NYSE:VEC) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 22,412 shares of the company’s stock after selling 97 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Vectrus worth $639,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Chicago Equity Partners LLC acquired a new position in Vectrus during the second quarter valued at about $659,000. Smith Asset Management Group LP boosted its position in 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 during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.
Vectrus Inc. (NYSE:VEC) traded down 0.53% during mid-day trading on Wednesday, reaching $17.04. The company’s stock had a trading volume of 126,703 shares. Vectrus Inc. has a 1-year low of $12.50 and a 1-year high of $34.98. The firm has a 50 day moving average price of $28.44 and a 200-day moving average price of $26.56. The company has a market capitalization of $182.82 million, a PE ratio of 5.69 and a beta of 1.98.
Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, August 9th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by $0.02. The firm earned $307.90 million during the quarter, compared to analyst estimates of $295.65 million. Vectrus had a return on equity of 27.52% and a net margin of 2.66%. Vectrus’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities analysts predict that Vectrus Inc. will post $2.29 EPS for the current fiscal year.
Separately, Stifel Nicolaus began coverage on Vectrus in a research report on Thursday, September 29th. They issued a “hold” rating and a $22.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.00.
In other news, SVP Kelvin Coppock sold 2,000 shares of Vectrus stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $32.54, for a total value of $65,080.00. Following the completion of the transaction, the senior vice president now owns 6,792 shares in the company, valued at approximately $221,011.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by insiders.
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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