Reinhart Partners LLC. cut its stake in V2X, Inc. (NYSE:VVX – Free Report) by 16.3% in the third quarter, HoldingsChannel reports. The firm owned 1,177,623 shares of the company’s stock after selling 228,793 shares during the quarter. V2X makes up about 2.0% of Reinhart Partners LLC.’s investment portfolio, making the stock its 21st biggest position. Reinhart Partners LLC.’s holdings in V2X were worth $83,340,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in V2X during the 2nd quarter worth about $28,000. Ameritas Advisory Services LLC purchased a new position in shares of V2X in the 2nd quarter valued at about $38,000. Fifth Third Bancorp acquired a new position in shares of V2X during the first quarter worth about $46,000. GAMMA Investing LLC grew its position in shares of V2X by 118.3% during the third quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $54,000 after buying an additional 413 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of V2X by 44.6% during the second quarter. Allworth Financial LP now owns 765 shares of the company’s stock worth $57,000 after buying an additional 236 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.
V2X Trading Up 0.4%
VVX opened at $71.27 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.32 and a current ratio of 1.32. V2X, Inc. has a one year low of $50.89 and a one year high of $93.98. The company has a market cap of $2.23 billion, a P/E ratio of 24.58, a PEG ratio of 0.55 and a beta of 0.18. The business’s 50-day simple moving average is $76.43 and its 200-day simple moving average is $75.71.
Analysts Set New Price Targets
Several brokerages recently weighed in on VVX. Citizens Jmp raised their target price on shares of V2X from $90.00 to $102.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of V2X in a report on Tuesday, September 8th. Citigroup reissued a “market outperform” rating on shares of V2X in a research report on Tuesday, July 28th. Stifel Nicolaus set a $102.00 price objective on shares of V2X in a report on Tuesday, August 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 price objective on shares of V2X in a research report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, V2X currently has an average rating of “Hold” and an average target price of $86.90.
Get Our Latest Stock Analysis on VVX
V2X Company Profile
V2X, Inc is a government services and defense contractor that provides mission solutions to the U.S. Department of Defense, other federal agencies, and allied governments. The company supports military and government customers across the life cycle of complex programs, with services spanning operations, maintenance, logistics, training, modernization, and technical support.
Its capabilities include aircraft and equipment sustainment, supply-chain and logistics management, base and installation operations, mission support, information technology, cybersecurity, engineering, and workforce training.
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