Vectrus Inc (VEC) Stake Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP grew its position in shares of Vectrus Inc (NYSE:VEC) by 19.3% in the 2nd quarter, Holdings Channel reports. The fund owned 673,184 shares of the business services provider’s stock after buying an additional 108,807 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Vectrus worth $20,748,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of VEC. Koch Industries Inc. bought a new position in shares of Vectrus during the first quarter valued at about $212,000. Element Capital Management LLC bought a new position in shares of Vectrus during the first quarter valued at about $228,000. Meeder Asset Management Inc. raised its stake in shares of Vectrus by 221.4% during the second quarter. Meeder Asset Management Inc. now owns 7,692 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 5,299 shares during the last quarter. Aperio Group LLC increased its position in shares of Vectrus by 21.0% during the second quarter. Aperio Group LLC now owns 9,581 shares of the business services provider’s stock valued at $295,000 after buying an additional 1,660 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Vectrus by 29.3% during the second quarter. Janney Montgomery Scott LLC now owns 10,629 shares of the business services provider’s stock valued at $328,000 after buying an additional 2,406 shares during the period. 87.65% of the stock is owned by hedge funds and other institutional investors.
VEC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Saturday, August 11th. ValuEngine upgraded shares of Vectrus from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Noble Financial reiterated a “hold” rating on shares of Vectrus in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.00.
Vectrus (NYSE:VEC) last announced its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.02). Vectrus had a net margin of 5.19% and a return on equity of 16.10%. The company had revenue of $321.13 million for the quarter, compared to analysts’ expectations of $306.20 million. As a group, equities analysts predict that Vectrus Inc will post 3.25 EPS for the current fiscal year.
In related news, Director Melvin Parker sold 1,377 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $36.04, for a total transaction of $49,627.08. Following the transaction, the director now owns 9,625 shares in the company, valued at $346,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric M. Pillmore purchased 1,000 shares of Vectrus stock in a transaction that occurred on Monday, October 8th. The shares were bought at an average price of $29.88 per share, for a total transaction of $29,880.00. Following the transaction, the director now directly owns 13,002 shares of the company’s stock, valued at $388,499.76. The disclosure for this purchase can be found here. 2.80% of the stock is owned by insiders.
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.
Recommended Story: The Discount Rate – What You Need to Know
Want to see what other hedge funds are holding VEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vectrus Inc (NYSE:VEC).
Receive News & Ratings for Vectrus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vectrus and related companies with MarketBeat.com's FREE daily email newsletter.