Zacks Investment Research lowered shares of Vectrus (NYSE:VEC) from a buy rating to a hold rating in a research report sent to investors on Friday, Zacks.com reports.

According to Zacks, “Vectrus, Inc. engages in providing infrastructure asset management, logistics and supply chain management, and information technology and network communication services. Its services include operations, maintenance, management, engineering and sustainment for physical assets including a wide variety of facilities, information technology, network and communication systems, vehicles and equipment. The Company serves U.S. government customers worldwide. Vectrus, Inc. is based in United States. “

A number of other brokerages have also issued reports on VEC. Noble Financial reaffirmed a hold rating on shares of Vectrus in a research report on Thursday, August 8th. TheStreet raised Vectrus from a c+ rating to a b rating in a research report on Monday, April 15th. ValuEngine lowered Vectrus from a buy rating to a hold rating in a research report on Thursday, August 1st. Drexel Hamilton raised Vectrus from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday, April 16th. Finally, B. Riley initiated coverage on Vectrus in a research report on Tuesday, June 25th. They set a buy rating and a $49.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Vectrus has a consensus rating of Hold and an average price target of $46.33.

Shares of Vectrus stock opened at $42.30 on Friday. The stock’s fifty day moving average is $41.14. The firm has a market capitalization of $500.18 million, a price-to-earnings ratio of 14.39 and a beta of 1.83. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.28. Vectrus has a 12-month low of $19.61 and a 12-month high of $46.51.

Vectrus (NYSE:VEC) last announced its earnings results on Tuesday, August 6th. The business services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $331.59 million for the quarter, compared to analyst estimates of $325.80 million. Vectrus had a return on equity of 15.37% and a net margin of 2.68%. As a group, equities analysts anticipate that Vectrus will post 3.19 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC grew its holdings in shares of Vectrus by 900.0% during the second quarter. Quantamental Technologies LLC now owns 1,000 shares of the business services provider’s stock valued at $41,000 after buying an additional 900 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Vectrus by 173.7% during the second quarter. Bank of Montreal Can now owns 1,601 shares of the business services provider’s stock valued at $65,000 after buying an additional 1,016 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Vectrus by 4.5% during the second quarter. James Investment Research Inc. now owns 25,435 shares of the business services provider’s stock valued at $1,032,000 after buying an additional 1,105 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Vectrus by 13.1% during the second quarter. Janney Montgomery Scott LLC now owns 13,666 shares of the business services provider’s stock valued at $554,000 after buying an additional 1,579 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Vectrus by 348.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,334 shares of the business services provider’s stock valued at $62,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 86.87% of the company’s stock.

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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