Pacer Advisors Inc. cut its stake in V2X, Inc. (NYSE:VVX – Free Report) by 5.8% in the fourth quarter, HoldingsChannel reports. The fund owned 132,506 shares of the company’s stock after selling 8,181 shares during the period. Pacer Advisors Inc.’s holdings in V2X were worth $7,228,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the stock. LRI Investments LLC lifted its holdings in V2X by 95.4% in the fourth quarter. LRI Investments LLC now owns 1,933 shares of the company’s stock valued at $105,000 after acquiring an additional 944 shares during the period. Ethic Inc. raised its stake in shares of V2X by 7.5% during the 4th quarter. Ethic Inc. now owns 19,323 shares of the company’s stock worth $1,054,000 after buying an additional 1,348 shares during the period. Danske Bank A S acquired a new position in shares of V2X during the 4th quarter worth approximately $100,000. Oppenheimer Asset Management Inc. raised its stake in shares of V2X by 35.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,010 shares of the company’s stock worth $819,000 after buying an additional 3,920 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of V2X by 16.6% during the 4th quarter. New York State Teachers Retirement System now owns 1,762 shares of the company’s stock worth $96,000 after buying an additional 251 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.
V2X Stock Up 0.6%
Shares of VVX opened at $70.56 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.25 and a current ratio of 1.25. V2X, Inc. has a one year low of $43.42 and a one year high of $78.36. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 0.57 and a beta of 0.12. The stock has a 50 day moving average price of $69.07 and a 200 day moving average price of $63.52.
Insider Activity at V2X
In related news, major shareholder American Industrial Partners C sold 2,545,432 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $68.21, for a total transaction of $173,623,916.72. Following the completion of the sale, the insider directly owned 2,004,569 shares in the company, valued at approximately $136,731,651.49. The trade was a 55.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.99% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on VVX. BTIG Research reaffirmed a “buy” rating and set a $90.00 target price on shares of V2X in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their target price on V2X from $70.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Citizens Jmp upped their target price on V2X from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Tuesday, May 5th. Citigroup reaffirmed an “outperform” rating on shares of V2X in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $94.00 target price on V2X in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.80.
Read Our Latest Analysis on VVX
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.
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