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

Bank of New York Mellon Corp lifted its holdings in V2X, Inc. (NYSE:VVX) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,604 shares of the company’s stock after buying an additional 2,388 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of V2X worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VVX. FMR LLC lifted its position in V2X by 17.2% in the third quarter. FMR LLC now owns 2,997,474 shares of the company’s stock valued at $167,439,000 after buying an additional 439,852 shares during the last quarter. Zimmer Partners LP acquired a new position in V2X during the third quarter worth $14,659,000. Assenagon Asset Management S.A. grew its position in V2X by 1,014.6% in 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 in the last quarter. Simcoe Capital Management LLC purchased a new position in V2X in the 3rd quarter valued at approximately $11,604,000. Finally, Systematic Financial Management LP raised its position in V2X by 43.5% in the 3rd quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after purchasing an additional 121,635 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.

V2X Price Performance

Shares of V2X stock opened at $51.72 on Friday. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The business’s fifty day moving average price is $49.01 and its 200 day moving average price is $54.09. 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 stock has a market capitalization of $1.63 billion, a P/E ratio of 184.70, a PEG ratio of 0.61 and a beta of 0.61.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VVX. Royal Bank of Canada decreased their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. BTIG Research assumed coverage on shares of V2X in a research report on Monday, November 25th. They issued a “buy” rating and a $80.00 price objective on the stock. Citigroup assumed coverage on V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 target price for the company. Raymond James lowered 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. Finally, The Goldman Sachs Group started coverage on V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.38.

About V2X

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.