Federated Hermes Inc. Takes $1.37 Million Position in V2X, Inc. (NYSE:VVX)

Federated Hermes Inc. bought a new position in V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 28,682 shares of the company's stock, valued at approximately $1,372,000. Federated Hermes Inc. owned about 0.09% of V2X at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of V2X by 37.4% during the 3rd quarter. Jane Street Group LLC now owns 17,636 shares of the company's stock valued at $985,000 after purchasing an additional 4,799 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of V2X in the 3rd quarter valued at about $990,000. Public Employees Retirement System of Ohio purchased a new stake in V2X during the 3rd quarter valued at about $706,000. Barclays PLC grew its position in V2X by 119.8% during the 3rd quarter. Barclays PLC now owns 27,727 shares of the company's stock worth $1,550,000 after acquiring an additional 15,110 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in V2X by 1.6% in the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company's stock valued at $15,322,000 after purchasing an additional 4,370 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company's stock.

V2X Stock Down 0.6 %

NYSE VVX traded down $0.30 during trading hours on Friday, reaching $48.16. 152,978 shares of the company's stock traded hands, compared to its average volume of 183,947. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50-day simple moving average of $47.80 and a 200 day simple moving average of $53.53. The firm has a market cap of $1.52 billion, a PE ratio of 172.01, a PEG ratio of 0.61 and a beta of 0.45.

Analysts Set New Price Targets

A number of research firms recently commented on VVX. JMP Securities reiterated a "market outperform" rating and set a $80.00 price target on shares of V2X in a report on Friday, January 17th. Citigroup began coverage on V2X in a research note on Tuesday, January 21st. They set a "buy" rating and a $64.00 target price on the stock. Raymond James dropped their price target on V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Truist Financial reduced their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Royal Bank of Canada dropped their target price on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $62.90.

About V2X

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.