Barclays PLC Acquires 15,110 Shares of V2X, Inc. (NYSE:VVX)

Barclays PLC raised its stake in V2X, Inc. (NYSE:VVX - Free Report) by 119.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,727 shares of the company's stock after purchasing an additional 15,110 shares during the period. Barclays PLC owned 0.09% of V2X worth $1,550,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its stake in V2X by 112.3% in the 2nd quarter. Quest Partners LLC now owns 673 shares of the company's stock valued at $32,000 after purchasing an additional 356 shares during the last quarter. US Bancorp DE boosted its holdings in V2X by 81.0% in the third quarter. US Bancorp DE now owns 1,028 shares of the company's stock worth $57,000 after purchasing an additional 460 shares during the period. nVerses Capital LLC acquired a new position in V2X in the third quarter valued at approximately $95,000. SG Americas Securities LLC bought a new position in shares of V2X during the third quarter worth about $199,000. Finally, Quadrature Capital Ltd acquired a new position in V2X during the 3rd quarter worth $207,000. 95.18% of the stock is owned by institutional investors and hedge funds.

V2X Price Performance

VVX traded up $0.76 during midday trading on Monday, reaching $47.53. 159,223 shares of the company's stock were exchanged, compared to its average volume of 192,560. V2X, Inc. has a one year low of $37.04 and a one year high of $69.75. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.09. The business has a 50-day simple moving average of $56.17 and a two-hundred day simple moving average of $54.55. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 169.76 and a beta of 0.59.

V2X (NYSE:VVX - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.22. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. As a group, research analysts predict that V2X, Inc. will post 4.14 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VVX. JMP Securities upped their price objective on V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $58.00 price objective (down previously from $70.00) on shares of V2X in a research note on Thursday, December 19th. Robert W. Baird started coverage on V2X in a research note on Friday, October 11th. They set an "outperform" rating and a $75.00 price target for the company. Raymond James reissued an "outperform" rating and set a $65.00 target price (down from $72.00) on shares of V2X in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of V2X in a research note on Thursday, December 12th. They issued a "sell" rating and a $54.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.86.

Insider Activity at V2X

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $61.43, for a total value of $153,575.00. Following the transaction, the general counsel now directly owns 10,634 shares in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company 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.