Pacer Advisors Inc. Takes $8.85 Million Position in V2X, Inc. (NYSE:VVX)

Key Points

• Pacer Advisors Inc. purchased 180,495 shares of V2X, Inc. (NYSE:VVX) in the first quarter, valued at approximately $8.85 million, representing about 0.57% of the company's stock.
• V2X shares have received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $62.80.
• The company reported a quarterly earnings per share (EPS) of $0.98, exceeding analysts' expectations, despite a slight revenue decrease compared to the previous year.

Pacer Advisors Inc. bought a new position in shares of V2X, Inc. (NYSE:VVX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 180,495 shares of the company's stock, valued at approximately $8,853,000. Pacer Advisors Inc. owned approximately 0.57% of V2X as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Royce & Associates LP lifted its holdings in V2X by 15.6% during the 1st quarter. Royce & Associates LP now owns 248,670 shares of the company's stock valued at $12,197,000 after purchasing an additional 33,640 shares during the last quarter. Victory Capital Management Inc. grew its position in V2X by 61.1% in the first quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after acquiring an additional 178,136 shares during the last quarter. CWM LLC grew its position in V2X by 239.0% in the first quarter. CWM LLC now owns 990 shares of the company's stock valued at $49,000 after acquiring an additional 698 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of V2X by 51.3% during the first quarter. New York State Common Retirement Fund now owns 5,897 shares of the company's stock worth $289,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of V2X during the first quarter worth about $244,000. 95.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on VVX. Wall Street Zen cut V2X from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Stifel Nicolaus assumed coverage on V2X in a report on Tuesday, June 24th. They set a "buy" rating and a $55.00 price target on the stock. Truist Financial cut their price target on V2X from $68.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley started coverage on V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.80.

V2X Price Performance

Shares of VVX traded down $0.05 during trading hours on Thursday, reaching $47.20. 29,163 shares of the company's stock traded hands, compared to its average volume of 235,197. The stock has a market cap of $1.50 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 0.54 and a beta of 0.24. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.05. The firm's 50 day simple moving average is $46.85 and its 200-day simple moving average is $48.32. V2X, Inc. has a 12 month low of $41.08 and a 12 month high of $69.75.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.04 billion. V2X had a return on equity of 13.97% and a net margin of 0.96%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.90 earnings per share. Equities analysts expect that V2X, Inc. will post 4.16 EPS for the current year.

Insider Buying and Selling

In other news, SVP Richard L. Jr. Caputo sold 4,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $44.43, for a total transaction of $177,720.00. Following the transaction, the senior vice president directly owned 15,869 shares of the company's stock, valued at $705,059.67. This represents a 20.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

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.