Summit Global Investments bought a new stake in shares of Vectrus Inc (NYSE:VEC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,800 shares of the business services provider’s stock, valued at approximately $739,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VEC. Citigroup Inc. grew its holdings in shares of Vectrus by 16.1% during the fourth quarter. Citigroup Inc. now owns 3,858 shares of the business services provider’s stock valued at $83,000 after buying an additional 536 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Vectrus by 4.7% during the fourth quarter. California Public Employees Retirement System now owns 29,334 shares of the business services provider’s stock valued at $633,000 after buying an additional 1,311 shares during the last quarter. James Investment Research Inc. grew its holdings in shares of Vectrus by 5.7% during the first quarter. James Investment Research Inc. now owns 24,330 shares of the business services provider’s stock valued at $647,000 after buying an additional 1,315 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Vectrus by 1.2% during the first quarter. Northern Trust Corp now owns 145,836 shares of the business services provider’s stock valued at $3,878,000 after buying an additional 1,690 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Vectrus by 16.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,087 shares of the business services provider’s stock valued at $321,000 after buying an additional 1,732 shares during the last quarter. 87.07% of the stock is owned by institutional investors and hedge funds.

In related news, Director Melvin Parker sold 1,375 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $26.87, for a total value of $36,946.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.40% of the company’s stock.

NYSE:VEC opened at $37.27 on Friday. Vectrus Inc has a 52 week low of $19.61 and a 52 week high of $42.24. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $425.74 million, a PE ratio of 11.95 and a beta of 1.82.

Vectrus (NYSE:VEC) last issued its earnings results on Tuesday, May 7th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.06). Vectrus had a return on equity of 16.53% and a net margin of 2.82%. The company had revenue of $325.93 million during the quarter, compared to analysts’ expectations of $325.75 million. As a group, equities analysts predict that Vectrus Inc will post 3.42 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, May 1st. Drexel Hamilton upgraded shares of Vectrus from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, April 16th. ValuEngine cut shares of Vectrus from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. TheStreet upgraded shares of Vectrus from a “c+” rating to a “b” rating in a report on Monday, April 15th. Finally, Noble Financial reiterated a “hold” rating on shares of Vectrus in a report on Thursday, February 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.00.

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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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