Vanguard Group Inc. Increases Position in V2X, Inc. (NYSE:VVX)

Vanguard Group Inc. raised its stake in V2X, Inc. (NYSE:VVX - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 898,112 shares of the company's stock after purchasing an additional 144,029 shares during the period. Vanguard Group Inc. owned 2.85% of V2X worth $42,957,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of V2X by 119.8% in the third quarter. Barclays PLC now owns 27,727 shares of the company's stock valued at $1,550,000 after buying an additional 15,110 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of V2X by 1,014.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company's stock valued at $11,077,000 after acquiring an additional 210,814 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of V2X by 16.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company's stock worth $6,786,000 after purchasing an additional 19,524 shares during the period. Quantbot Technologies LP raised its stake in V2X by 273.9% in the fourth quarter. Quantbot Technologies LP now owns 18,489 shares of the company's stock valued at $884,000 after purchasing an additional 13,544 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in V2X by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company's stock worth $19,037,000 after buying an additional 29,869 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company's stock.

V2X Stock Up 0.1 %

Shares of NYSE:VVX traded up $0.03 during mid-day trading on Thursday, hitting $48.49. 19,395 shares of the company traded hands, compared to its average volume of 245,922. The stock has a market cap of $1.53 billion, a P/E ratio of 172.97, a P/E/G ratio of 0.61 and a beta of 0.45. The stock has a 50-day moving average price of $47.83 and a two-hundred day moving average price of $53.58. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VVX. Raymond James reduced their target price on V2X from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating and issued a $80.00 target price on shares of V2X in a research report on Friday, January 17th. Truist Financial cut their price objective on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday. Royal Bank of Canada cut their target price 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. Finally, Morgan Stanley began coverage on shares of V2X in a research note on Wednesday. They issued an "underweight" rating and a $51.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, V2X presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.90.

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.