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

Bank of New York Mellon Corp raised its stake in V2X, Inc. (NYSE:VVX) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,604 shares of the company’s stock after acquiring an additional 2,388 shares during the period. Bank of New York Mellon Corp’s holdings in V2X were worth $2,851,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VVX. Barclays PLC grew its position in V2X by 119.8% in the 3rd quarter. Barclays PLC now owns 27,727 shares of the company’s stock worth $1,550,000 after purchasing an additional 15,110 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of V2X by 1,014.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 231,592 shares of the company’s stock valued at $11,077,000 after buying an additional 210,814 shares in the last quarter. Intech Investment Management LLC acquired a new stake in V2X during the 3rd quarter worth about $284,000. Jane Street Group LLC raised its stake in V2X by 37.4% during the 3rd quarter. Jane Street Group LLC now owns 17,636 shares of the company’s stock valued at $985,000 after purchasing an additional 4,799 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of V2X by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,793 shares of the company’s stock valued at $19,037,000 after purchasing an additional 29,869 shares during the period. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup began coverage on V2X in a research report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 target price on the stock. JMP Securities restated a “market outperform” rating and issued a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. The Goldman Sachs Group assumed coverage on shares of V2X in a report on Thursday, December 12th. They issued a “sell” rating and a $54.00 price target on the stock. BTIG Research assumed coverage on V2X in a research note on Monday, November 25th. They set a “buy” rating and a $80.00 price objective for the company. Finally, Royal Bank of Canada decreased their target price on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. One equities 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.38.

V2X Trading Down 0.3 %

NYSE VVX opened at $51.72 on Friday. 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 company has a market capitalization of $1.63 billion, a PE ratio of 184.70, a P/E/G ratio of 0.61 and a beta of 0.61. The stock has a 50-day simple moving average of $49.01 and a 200 day simple moving average of $54.09. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75.

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.