Charles Schwab Investment Management Inc. Raises Stake in V2X, Inc. (NYSE:VVX)

Charles Schwab Investment Management Inc. grew its position in V2X, Inc. (NYSE:VVX) by 16.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,885 shares of the company’s stock after purchasing an additional 19,524 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.45% of V2X worth $6,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of VVX. FMR LLC lifted its holdings in V2X by 17.2% in the 3rd quarter. FMR LLC now owns 2,997,474 shares of the company’s stock worth $167,439,000 after purchasing an additional 439,852 shares in the last quarter. Systematic Financial Management LP raised its position in shares of V2X by 43.5% during the third quarter. Systematic Financial Management LP now owns 401,121 shares of the company’s stock valued at $22,407,000 after buying an additional 121,635 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of V2X by 9.6% in 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. Geode Capital Management LLC boosted its position in shares of V2X by 1.6% during the third quarter. Geode Capital Management LLC now owns 274,247 shares of the company’s stock worth $15,322,000 after acquiring an additional 4,370 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of V2X during the third quarter worth $14,659,000. 95.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VVX. BTIG Research assumed coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. 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. Royal Bank of Canada dropped their price target on V2X from $58.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Raymond James reduced their price objective on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group initiated coverage on V2X in a report on Thursday, December 12th. They set a “sell” rating and a $54.00 price objective on the stock. One 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.38.

V2X Price Performance

NYSE:VVX opened at $50.54 on Tuesday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 180.51, a PEG ratio of 0.61 and a beta of 0.61. 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 business has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $54.06. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75.

V2X Company 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.