Reinhart Partners LLC. grew its holdings in V2X, Inc. (NYSE:VVX – Free Report) by 60.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,429,211 shares of the company’s stock after buying an additional 539,209 shares during the period. V2X accounts for approximately 2.3% of Reinhart Partners LLC.’s holdings, making the stock its 23rd largest holding. Reinhart Partners LLC.’s holdings in V2X were worth $77,964,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in V2X by 360.0% during the 4th quarter. SG Americas Securities LLC now owns 18,939 shares of the company’s stock worth $1,033,000 after acquiring an additional 14,822 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in V2X by 1,157.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 206,747 shares of the company’s stock worth $11,487,000 after acquiring an additional 190,302 shares in the last quarter. Victory Capital Management Inc. lifted its stake in V2X by 12.4% during the 3rd quarter. Victory Capital Management Inc. now owns 753,312 shares of the company’s stock worth $43,760,000 after acquiring an additional 83,400 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in V2X during the 3rd quarter worth about $1,462,000. Finally, Vanguard Group Inc. lifted its stake in V2X by 17.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,189,562 shares of the company’s stock worth $69,102,000 after acquiring an additional 180,702 shares in the last quarter. Institutional investors and hedge funds own 95.18% of the company’s stock.
V2X Price Performance
VVX opened at $83.10 on Wednesday. The stock’s 50-day moving average price is $70.28 and its 200 day moving average price is $65.12. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.96. V2X, Inc. has a 12-month low of $43.63 and a 12-month high of $84.05. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 0.67 and a beta of 0.19.
Insiders Place Their Bets
In other V2X news, major shareholder American Industrial Partners C sold 2,545,432 shares of the company’s stock in a transaction dated 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 sale, the insider owned 2,004,569 shares in the company, valued at $136,731,651.49. This represents a 55.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.99% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on VVX. Citigroup reissued an “outperform” rating on shares of V2X in a research note on Tuesday, May 5th. BTIG Research reissued a “buy” rating and set a $90.00 target price on shares of V2X in a research note on Wednesday, May 27th. Morgan Stanley increased their target price on V2X from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Noble Financial reissued an “outperform” rating on shares of V2X in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on V2X from $57.00 to $63.00 and gave the stock a “sell” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.60.
Check Out Our Latest Stock Analysis on V2X
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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