Public Employees Retirement System of Ohio Takes $706,000 Position in V2X, Inc. (NYSE:VVX)

Public Employees Retirement System of Ohio bought a new stake in V2X, Inc. (NYSE:VVX - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,644 shares of the company's stock, valued at approximately $706,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in V2X by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 67,090 shares of the company's stock worth $3,218,000 after purchasing an additional 5,498 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in shares of V2X in the 2nd quarter worth about $6,982,000. Rhumbline Advisers grew its position in V2X by 4.3% during the second quarter. Rhumbline Advisers now owns 20,991 shares of the company's stock valued at $1,007,000 after buying an additional 863 shares during the period. Quest Partners LLC increased its holdings in V2X by 112.3% during the second quarter. Quest Partners LLC now owns 673 shares of the company's stock worth $32,000 after buying an additional 356 shares during the last quarter. Finally, Factorial Partners LLC raised its position in V2X by 28.6% in the second quarter. Factorial Partners LLC now owns 54,000 shares of the company's stock worth $2,590,000 after acquiring an additional 12,000 shares during the period. 95.18% of the stock is owned by institutional investors.

V2X Stock Performance

Shares of NYSE:VVX traded down $0.03 during midday trading on Friday, reaching $49.01. 1,055,879 shares of the company traded hands, compared to its average volume of 136,003. 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 firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 175.04 and a beta of 0.55. V2X, Inc. has a 12 month low of $37.04 and a 12 month high of $69.75. The firm's fifty day moving average price is $60.79 and its two-hundred day moving average price is $54.40.

V2X (NYSE:VVX - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.22. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. V2X had a net margin of 0.22% and a return on equity of 13.49%. V2X's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. On average, equities analysts expect that V2X, Inc. will post 4.14 earnings per share for the current year.

Insider Activity

In other news, General Counsel Jeremy John Nance sold 2,500 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $61.43, for a total transaction of $153,575.00. Following the completion of the transaction, the general counsel now owns 10,634 shares of the company's stock, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Baird R W upgraded shares of V2X to a "strong-buy" rating in a research note on Friday, October 11th. The Goldman Sachs Group began coverage on V2X in a research report on Thursday, December 12th. They issued a "sell" rating and a $54.00 target price for the company. BTIG Research started coverage on V2X in a research report on Monday, November 25th. They set a "buy" rating and a $80.00 price target on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $58.00 price target (down previously from $70.00) on shares of V2X in a research note on Thursday. Finally, JMP Securities boosted their price objective on V2X from $65.00 to $80.00 and gave the company a "market outperform" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $67.86.

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.