UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 13,175 Shares of V2X, Inc. (NYSE:VVX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in V2X, Inc. (NYSE:VVX - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,797 shares of the company's stock after purchasing an additional 13,175 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of V2X worth $2,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of VVX. The Manufacturers Life Insurance Company boosted its position in shares of V2X by 3.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 7,376 shares of the company's stock worth $353,000 after acquiring an additional 266 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in shares of V2X by 24.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,482 shares of the company's stock worth $71,000 after acquiring an additional 288 shares during the last quarter. Corebridge Financial Inc. boosted its position in shares of V2X by 7.1% during the fourth quarter. Corebridge Financial Inc. now owns 7,044 shares of the company's stock worth $337,000 after acquiring an additional 470 shares during the last quarter. LPL Financial LLC boosted its position in shares of V2X by 11.0% during the fourth quarter. LPL Financial LLC now owns 5,112 shares of the company's stock worth $245,000 after acquiring an additional 508 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of V2X by 15.3% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 4,204 shares of the company's stock worth $201,000 after acquiring an additional 558 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Richard L. Jr. Caputo sold 2,200 shares of V2X stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $46.85, for a total transaction of $103,070.00. Following the completion of the sale, the senior vice president now owns 19,869 shares in the company, valued at $930,862.65. This trade represents a 9.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VVX. Raymond James dropped their target price on shares of V2X from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Truist Financial lowered their price objective on shares of V2X from $68.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Morgan Stanley began coverage on shares of V2X in a research report on Wednesday, April 16th. They set an "underweight" rating and a $51.00 price objective for the company. Finally, Royal Bank of Canada lowered their price objective on shares of V2X from $58.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $63.67.

V2X Trading Down 0.7%

Shares of VVX traded down $0.29 during midday trading on Tuesday, hitting $44.64. The stock had a trading volume of 242,399 shares, compared to its average volume of 206,319. V2X, Inc. has a 1 year low of $41.08 and a 1 year high of $69.75. The firm has a market cap of $1.41 billion, a PE ratio of 159.42, a price-to-earnings-growth ratio of 0.61 and a beta of 0.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 1.08. The stock's 50 day moving average is $47.88 and its 200 day moving average is $49.75.

V2X (NYSE:VVX - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06. V2X had a net margin of 0.22% and a return on equity of 13.49%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, analysts forecast that V2X, Inc. will post 4.16 EPS for the current fiscal year.

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.