Envestnet Asset Management Inc. Buys New Shares in V2X, Inc. $VVX

Envestnet Asset Management Inc. bought a new position in V2X, Inc. (NYSE:VVX) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 100,262 shares of the company’s stock, valued at approximately $5,824,000. Envestnet Asset Management Inc. owned 0.32% of V2X as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Reinhart Partners LLC. grew its holdings in shares of V2X by 206.8% in the third quarter. Reinhart Partners LLC. now owns 890,002 shares of the company’s stock worth $51,701,000 after purchasing an additional 599,921 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in V2X by 53.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 54,499 shares of the company’s stock worth $3,166,000 after acquiring an additional 18,903 shares during the last quarter. Geode Capital Management LLC increased its position in shares of V2X by 2.8% in the second quarter. Geode Capital Management LLC now owns 374,553 shares of the company’s stock valued at $18,186,000 after acquiring an additional 10,062 shares during the period. Kennedy Capital Management LLC increased its position in shares of V2X by 29.4% in the second quarter. Kennedy Capital Management LLC now owns 143,785 shares of the company’s stock valued at $6,981,000 after acquiring an additional 32,668 shares during the period. Finally, Ophir Asset Management Pty Ltd raised its stake in shares of V2X by 80.7% during the second quarter. Ophir Asset Management Pty Ltd now owns 613,343 shares of the company’s stock valued at $28,980,000 after acquiring an additional 273,977 shares during the last quarter. 95.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at V2X

In other news, major shareholder American Industrial Partners C sold 1,200,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $55.05, for a total value of $66,060,000.00. Following the sale, the insider directly owned 4,550,001 shares of the company’s stock, valued at $250,477,555.05. This represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on V2X from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Morgan Stanley reiterated an “underweight” rating and issued a $61.00 price objective on shares of V2X in a research report on Tuesday, December 16th. Weiss Ratings restated a “hold (c+)” rating on shares of V2X in a report on Monday, December 29th. Citigroup raised their price target on V2X from $62.00 to $69.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of V2X from $54.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.88.

V2X Trading Down 3.3%

NYSE VVX opened at $68.54 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.01. V2X, Inc. has a twelve month low of $41.08 and a twelve month high of $71.79. The firm has a market capitalization of $2.16 billion, a PE ratio of 27.42, a P/E/G ratio of 0.62 and a beta of 0.13. The stock’s 50 day moving average is $62.97 and its 200 day moving average is $58.80.

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.