Pitcairn Co. Buys New Shares in V2X, Inc. (NYSE:VVX)

Pitcairn Co. bought a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,149 shares of the company's stock, valued at approximately $1,729,000. Pitcairn Co. owned approximately 0.11% of V2X at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. raised its position in V2X by 51.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,382 shares of the company's stock worth $114,000 after acquiring an additional 814 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of V2X in the fourth quarter valued at about $134,000. Edmond DE Rothschild Holding S.A. boosted its holdings in V2X by 15.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after buying an additional 558 shares in the last quarter. Quadrature Capital Ltd acquired a new position in V2X during the third quarter worth about $207,000. Finally, Paloma Partners Management Co purchased a new position in V2X in the third quarter valued at about $219,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Trading Down 0.3 %

Shares of V2X stock traded down $0.14 during trading hours on Monday, reaching $45.32. 213,489 shares of the company's stock were exchanged, compared to its average volume of 179,759. V2X, Inc. has a 52-week low of $41.08 and a 52-week high of $69.75. The company has a fifty day moving average of $48.54 and a 200-day moving average of $54.03. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 161.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.45.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VVX. Citigroup began coverage on V2X in a report on Tuesday, January 21st. They issued a "buy" rating and a $64.00 price target on the stock. The Goldman Sachs Group started coverage on V2X in a research note on Thursday, December 12th. They set a "sell" rating and a $54.00 price target for the company. Raymond James lowered their price objective on shares of V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th. JMP Securities restated a "market outperform" rating and set a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Finally, Royal Bank of Canada lowered their price target on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, V2X currently has a consensus rating of "Moderate Buy" and an average price target of $65.38.

V2X 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.