State Street Corp Cuts Stake in V2X, Inc. (NYSE:VVX)

State Street Corp reduced its position in V2X, Inc. (NYSE:VVX) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,747 shares of the company’s stock after selling 46,403 shares during the quarter. State Street Corp owned 1.37% of V2X worth $24,173,000 as of its most recent SEC filing.

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

V2X Stock Down 0.1 %

Shares of VVX stock opened at $49.01 on Monday. V2X, Inc. has a fifty-two week low of $37.04 and a fifty-two week high of $69.75. The firm has a market capitalization of $1.55 billion, a PE ratio of 175.04 and a beta of 0.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50-day simple moving average is $60.79 and its 200-day simple moving average is $54.50.

V2X (NYSE:VVX) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.29 earnings per share (EPS) for the quarter, topping 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 for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Equities analysts expect that V2X, Inc. will post 4.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the firm’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 sale, the general counsel now directly owns 10,634 shares of the company’s stock, valued at $653,246.62. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of V2X from $60.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Robert W. Baird initiated coverage on V2X in a research report on Friday, October 11th. They set an “outperform” rating and a $75.00 price target on the stock. Baird R W raised V2X to a “strong-buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group assumed coverage on V2X in a research note on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target for the company. Finally, JMP Securities boosted their price target on V2X from $65.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.86.

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.