GSA Capital Partners LLP Has $1.07 Million Holdings in Vectrus Inc (VEC)
GSA Capital Partners LLP reduced its stake in Vectrus Inc (NYSE:VEC) by 37.8% during the 2nd quarter, Holdings Channel reports. The firm owned 34,840 shares of the business services provider’s stock after selling 21,131 shares during the period. GSA Capital Partners LLP’s holdings in Vectrus were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Aperio Group LLC grew its stake in shares of Vectrus by 21.0% in the 2nd quarter. Aperio Group LLC now owns 9,581 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 1,660 shares during the last quarter. Strs Ohio grew its stake in shares of Vectrus by 9.7% in the 2nd quarter. Strs Ohio now owns 20,400 shares of the business services provider’s stock valued at $628,000 after purchasing an additional 1,800 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Vectrus by 19.6% in the 2nd quarter. First Trust Advisors LP now owns 12,720 shares of the business services provider’s stock valued at $392,000 after purchasing an additional 2,082 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Vectrus by 29.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 2,406 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Vectrus by 0.7% in the 2nd quarter. Acadian Asset Management LLC now owns 411,597 shares of the business services provider’s stock valued at $12,686,000 after purchasing an additional 2,703 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.
Vectrus stock opened at $32.52 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.36. Vectrus Inc has a 1-year low of $26.62 and a 1-year high of $41.48. The company has a market capitalization of $368.02 million, a P/E ratio of 14.99 and a beta of 1.51.
In related news, Director Melvin Parker sold 1,377 shares of Vectrus stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $36.04, for a total value of $49,627.08. Following the sale, the director now directly owns 9,625 shares in the company, valued at $346,885. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.
Several research analysts have weighed in on VEC shares. Zacks Investment Research upgraded Vectrus from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Friday, May 11th. ValuEngine downgraded Vectrus from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Finally, Noble Financial reiterated a “hold” rating on shares of Vectrus in a research note on Wednesday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Vectrus presently has a consensus rating of “Hold” and an average price target of $39.00.
Vectrus, Inc provides facility and logistics, and information technology and network communication services to the U.S. government worldwide. It 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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