Bank of New York Mellon Corp Grows Holdings in V2X, Inc. (NYSE:VVX)

Bank of New York Mellon Corp lifted its holdings in V2X, Inc. (NYSE:VVX) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,090 shares of the company’s stock after buying an additional 5,498 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of V2X worth $3,218,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new stake in V2X during the 4th quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. grew its position in V2X by 200.2% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 839 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of V2X during the 4th quarter valued at about $65,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of V2X during the 1st quarter valued at about $142,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of V2X during the 4th quarter valued at about $244,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Shawn Mural bought 937 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were bought at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the purchase, the chief financial officer now owns 1,437 shares in the company, valued at $68,976. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Shawn Mural acquired 937 shares of V2X stock in a transaction dated Friday, September 6th. The shares were purchased at an average price of $48.00 per share, for a total transaction of $44,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $68,976. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric M. Pillmore bought 3,125 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average cost of $48.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now directly owns 41,516 shares of the company’s stock, valued at approximately $1,992,768. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 11,936 shares of company stock worth $572,928. Company insiders own 1.10% of the company’s stock.

V2X Price Performance

Shares of NYSE:VVX opened at $50.71 on Monday. The firm’s 50 day moving average price is $50.67 and its 200-day moving average price is $47.90. V2X, Inc. has a twelve month low of $37.04 and a twelve month high of $58.25. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.60 billion, a PE ratio of -390.08 and a beta of 0.60.

V2X (NYSE:VVX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.01). V2X had a positive return on equity of 11.69% and a negative net margin of 0.30%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company earned $1.01 EPS. V2X’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts expect that V2X, Inc. will post 4.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a $55.00 price target on shares of V2X in a report on Wednesday, August 7th.

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.