Jacobs Levy Equity Management Inc. boosted its position in Vectrus Inc (NYSE:VEC) by 66.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,152 shares of the business services provider’s stock after buying an additional 12,053 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.26% of Vectrus worth $1,546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its holdings in Vectrus by 117.4% in the fourth quarter. FMR LLC now owns 633,986 shares of the business services provider’s stock valued at $32,498,000 after buying an additional 342,400 shares during the last quarter. State Street Corp increased its holdings in Vectrus by 97.3% in the fourth quarter. State Street Corp now owns 460,785 shares of the business services provider’s stock valued at $23,620,000 after buying an additional 227,298 shares during the last quarter. Royce & Associates LP increased its holdings in Vectrus by 653.6% in the fourth quarter. Royce & Associates LP now owns 143,190 shares of the business services provider’s stock valued at $7,340,000 after buying an additional 124,190 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Vectrus by 5.3% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 140,990 shares of the business services provider’s stock valued at $7,227,000 after buying an additional 7,090 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in Vectrus by 13.0% in the fourth quarter. Driehaus Capital Management LLC now owns 123,557 shares of the business services provider’s stock valued at $6,334,000 after acquiring an additional 14,234 shares during the period. 88.94% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE VEC opened at $38.67 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $48.87 and a 200-day simple moving average of $48.96. The company has a market cap of $393.76 million, a PE ratio of 12.93 and a beta of 1.67. Vectrus Inc has a 12-month low of $26.06 and a 12-month high of $59.24.

Vectrus (NYSE:VEC) last issued its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.02). The business had revenue of $365.27 million for the quarter, compared to analyst estimates of $364.49 million. Vectrus had a return on equity of 15.23% and a net margin of 2.51%. Sell-side analysts forecast that Vectrus Inc will post 3.69 earnings per share for the current fiscal year.

In other Vectrus news, SVP Kevin T. Boyle acquired 750 shares of Vectrus stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $39.34 per share, for a total transaction of $29,505.00. Following the completion of the transaction, the senior vice president now owns 3,242 shares in the company, valued at approximately $127,540.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

VEC has been the subject of a number of research reports. Noble Financial restated a “buy” rating and issued a $62.00 target price on shares of Vectrus in a research note on Wednesday, March 4th. Stifel Nicolaus upgraded Vectrus from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $65.00 in a research note on Monday, January 6th. Zacks Investment Research upgraded Vectrus from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. B. Riley lifted their target price on Vectrus from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, ValuEngine upgraded Vectrus from a “sell” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $55.40.

About Vectrus

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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