Quantbot Technologies LP Reduces Position in V2X, Inc. $VVX

Key Points

• Quantbot Technologies LP reduced its holdings in V2X, Inc. by 58%, selling 10,731 shares to hold a total of 7,758 shares worth $381,000.
• Recent analyst reports show a shift in ratings for V2X, with Goldman Sachs initiating a "sell" rating while Bank of America upgraded it to "buy," raising the price target to $65.00.
• Insider sales included a significant transaction where Director Dino M. Cusumano sold 2 million shares for $100 million, representing a 17.09% reduction in his position.

Quantbot Technologies LP trimmed its stake in V2X, Inc. (NYSE:VVX - Free Report) by 58.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,758 shares of the company's stock after selling 10,731 shares during the period. Quantbot Technologies LP's holdings in V2X were worth $381,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VVX. Simcoe Capital Management LLC grew its position in shares of V2X by 252.8% in the 4th quarter. Simcoe Capital Management LLC now owns 732,940 shares of the company's stock valued at $35,057,000 after buying an additional 525,204 shares during the last quarter. Nuveen LLC purchased a new position in shares of V2X in the 1st quarter valued at $19,753,000. Pacer Advisors Inc. purchased a new position in shares of V2X in the 1st quarter valued at $8,853,000. Victory Capital Management Inc. raised its position in V2X by 61.1% in the 1st quarter. Victory Capital Management Inc. now owns 469,724 shares of the company's stock valued at $23,040,000 after purchasing an additional 178,136 shares during the last quarter. Finally, Zimmer Partners LP raised its position in V2X by 48.5% in the 4th quarter. Zimmer Partners LP now owns 389,609 shares of the company's stock valued at $18,635,000 after purchasing an additional 127,189 shares during the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.

V2X Price Performance

VVX traded down $0.30 during trading on Monday, reaching $57.46. 297,250 shares of the stock were exchanged, compared to its average volume of 497,267. The business's 50 day moving average price is $51.90 and its two-hundred day moving average price is $49.09. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 0.59 and a beta of 0.30. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75.

V2X (NYSE:VVX - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.33. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. V2X had a return on equity of 15.28% and a net margin of 1.63%.V2X's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. V2X has set its FY 2025 guidance at 4.650-4.950 EPS. As a group, equities research analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VVX. Stifel Nicolaus set a $63.00 price target on shares of V2X and gave the company a "buy" rating in a research report on Tuesday, August 5th. The Goldman Sachs Group upped their price target on shares of V2X from $45.00 to $50.00 and gave the company a "sell" rating in a research report on Wednesday, August 13th. Wall Street Zen raised V2X from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Bank of America raised V2X from a "neutral" rating to a "buy" rating and raised their price target for the stock from $55.00 to $65.00 in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, V2X has an average rating of "Moderate Buy" and a consensus target price of $63.36.

Insiders Place Their Bets

In other V2X news, SVP Richard L. Jr. Caputo sold 4,000 shares of the business'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 sale, the senior vice president directly owned 15,869 shares in the company, valued at approximately $705,059.67. The trade was a 20.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dino M. Cusumano sold 2,000,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $100,000,000.00. Following the transaction, the director directly owned 9,700,001 shares of the company's stock, valued at $485,000,050. The trade was a 17.09% decrease in their position. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

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.