Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in V2X, Inc. (NYSE:VVX – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,943 shares of the company’s stock, valued at approximately $240,000.
A number of other institutional investors have also made changes to their positions in VVX. Charles Schwab Investment Management Inc. increased its position in shares of V2X by 21.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 172,685 shares of the company’s stock worth $8,470,000 after acquiring an additional 30,800 shares during the last quarter. Cornerstone Select Advisors LLC acquired a new stake in V2X during the 1st quarter valued at approximately $228,000. Vanguard Group Inc. increased its holdings in V2X by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 923,334 shares of the company’s stock worth $45,290,000 after purchasing an additional 25,222 shares during the last quarter. Jump Financial LLC raised its position in shares of V2X by 29.6% in the 1st quarter. Jump Financial LLC now owns 22,516 shares of the company’s stock valued at $1,104,000 after purchasing an additional 5,146 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of V2X during the 1st quarter valued at approximately $19,753,000. 95.18% of the stock is owned by institutional investors and hedge funds.
V2X Stock Performance
V2X stock opened at $54.85 on Friday. The company has a market cap of $1.73 billion, a PE ratio of 24.93, a P/E/G ratio of 0.59 and a beta of 0.26. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $63.74. The company has a fifty day moving average price of $56.68 and a two-hundred day moving average price of $52.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of V2X from $51.00 to $55.00 and gave the stock an “underweight” rating in a research report on Friday, September 19th. Zacks Research upgraded shares of V2X from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Truist Financial boosted their target price on shares of V2X from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Bank of America upgraded shares of V2X from a “neutral” rating to a “buy” rating and upped their target price for the company from $55.00 to $65.00 in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada increased their price target on shares of V2X from $54.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.67.
Check Out Our Latest Stock Analysis on V2X
Insider Transactions at V2X
In related news, major shareholder American Industrial Partners C sold 2,250,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $55.00, for a total value of $123,750,000.00. Following the sale, the insider owned 5,750,001 shares of the company’s stock, valued at approximately $316,250,055. This trade represents a 28.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dino M. Cusumano sold 2,250,000 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $55.00, for a total value of $123,750,000.00. Following the transaction, the director owned 5,750,001 shares of the company’s stock, valued at $316,250,055. This represents a 28.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 7,900,000 shares of company stock worth $424,980,000 in the last three months. 1.10% of the stock is currently owned by corporate insiders.
V2X Company Profile
V2X, Inc provides critical mission solutions and support services to defense clients worldwide. It offers a suite of integrated solutions across the operations and logistics, aerospace, training, and technology markets to national security, defense, civilian, and international clients. The company was incorporated in 2014 and is headquartered in Mclean, Virginia.
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