JPMorgan Chase & Co. Purchases 29,869 Shares of V2X, Inc. (NYSE:VVX)

JPMorgan Chase & Co. lifted its holdings in V2X, Inc. (NYSE:VVX) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 340,793 shares of the company’s stock after purchasing an additional 29,869 shares during the period. JPMorgan Chase & Co. owned about 1.08% of V2X worth $19,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VVX. 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 valued at $32,000 after buying an additional 356 shares during the last quarter. US Bancorp DE grew its position in shares of V2X by 81.0% during the 3rd quarter. US Bancorp DE now owns 1,028 shares of the company’s stock valued at $57,000 after acquiring an additional 460 shares during the period. nVerses Capital LLC purchased a new stake in shares of V2X in the 3rd quarter worth $95,000. SG Americas Securities LLC bought a new position in V2X in the 3rd quarter worth $199,000. Finally, Quadrature Capital Ltd purchased a new position in V2X during the third quarter valued at $207,000. Hedge funds and other institutional investors own 95.18% of the company’s stock.

V2X Trading Up 0.1 %

V2X stock opened at $46.98 on Friday. V2X, Inc. has a 1 year low of $37.04 and a 1 year high of $69.75. The firm’s 50 day moving average price is $56.75 and its 200-day moving average price is $54.52. 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 stock has a market cap of $1.48 billion, a P/E ratio of 167.79 and a beta of 0.59.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm posted $0.73 EPS. V2X’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that V2X, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VVX has been the subject of a number of analyst reports. Baird R W upgraded V2X to a “strong-buy” rating in a research report on Friday, October 11th. Raymond James reissued an “outperform” rating and issued a $65.00 target price (down from $72.00) on shares of V2X in a report on Thursday, January 2nd. JMP Securities raised their target price on shares of V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. BTIG Research began coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of V2X in a research report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.86.

Insider Transactions at V2X

In other V2X news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $653,246.62. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company’s stock.

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.