Bank of New York Mellon Corp Has $3.30 Million Holdings in V2X, Inc. (NYSE:VVX)

Key Points

• Bank of New York Mellon Corp increased its holdings in V2X, Inc. by 12.9% during the first quarter, owning 67,284 shares worth approximately $3.3 million.
• The company reported earnings of $0.98 per share, exceeding expectations, with revenue of $1.02 billion for the latest quarter.
• Analysts have mixed ratings on V2X, with recent updates including a downgrade from "buy" to "hold" and price target adjustments ranging from $51.00 to $68.00.

Bank of New York Mellon Corp raised its position in shares of V2X, Inc. (NYSE:VVX - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,284 shares of the company's stock after acquiring an additional 7,680 shares during the period. Bank of New York Mellon Corp owned approximately 0.21% of V2X worth $3,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of V2X during the 4th quarter worth about $1,150,000. Swiss National Bank raised its stake in shares of V2X by 12.6% in the 4th quarter. Swiss National Bank now owns 27,700 shares of the company's stock valued at $1,325,000 after acquiring an additional 3,100 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of V2X during the 4th quarter valued at $134,000. LPL Financial LLC boosted its position in V2X by 11.0% during the 4th quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after purchasing an additional 508 shares during the period. Finally, Vanguard Group Inc. increased its holdings in V2X by 19.1% in the 4th quarter. Vanguard Group Inc. now owns 898,112 shares of the company's stock valued at $42,957,000 after purchasing an additional 144,029 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

V2X Stock Performance

VVX traded down $1.07 on Wednesday, hitting $47.36. 115,095 shares of the company's stock were exchanged, compared to its average volume of 178,243. 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 stock has a fifty day moving average of $46.85 and a two-hundred day moving average of $48.32. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $69.75. The firm has a market cap of $1.50 billion, a PE ratio of 36.71, a P/E/G ratio of 0.54 and a beta of 0.24.

V2X (NYSE:VVX - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.98 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 net margin of 0.96% and a return on equity of 13.97%. V2X's quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Truist Financial decreased their price target on V2X from $68.00 to $55.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded shares of V2X from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Stifel Nicolaus started coverage on shares of V2X in a report on Tuesday, June 24th. They set a "buy" rating and a $55.00 price target for the company. Finally, Morgan Stanley started coverage on shares of V2X in a report on Wednesday, April 16th. They issued an "underweight" rating and a $51.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, V2X has a consensus rating of "Moderate Buy" and a consensus price target of $62.80.

Insider Activity at V2X

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