Harel Insurance Investments & Financial Services Ltd. Boosts Stock Position in V2X, Inc. (NYSE:VVX)

Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of V2X, Inc. (NYSE:VVX) by 51.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,382 shares of the company’s stock after buying an additional 814 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in V2X were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VVX. American Century Companies Inc. lifted its holdings in V2X by 18.9% during the second quarter. American Century Companies Inc. now owns 15,142 shares of the company’s stock valued at $726,000 after purchasing an additional 2,411 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of V2X by 15.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 661,845 shares of the company’s stock worth $31,741,000 after purchasing an additional 87,741 shares during the last quarter. Hsbc Holdings PLC purchased a new position in V2X in the 2nd quarter valued at about $212,000. Sei Investments Co. boosted its holdings in V2X by 243.3% in the 2nd quarter. Sei Investments Co. now owns 73,653 shares of the company’s stock worth $3,532,000 after buying an additional 52,197 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in V2X by 13.6% during the 2nd quarter. AQR Capital Management LLC now owns 83,967 shares of the company’s stock worth $4,027,000 after buying an additional 10,046 shares in the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.

Insider Activity

In related news, General Counsel Jeremy John Nance sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $61.43, for a total value of $153,575.00. Following the sale, the general counsel now directly owns 10,634 shares in the company, valued at approximately $653,246.62. The trade was a 19.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

VVX has been the topic of several research reports. The Goldman Sachs Group assumed coverage on V2X in a research report on Thursday, December 12th. They issued a “sell” rating and a $54.00 target price on the stock. Citigroup started coverage on V2X in a report on Tuesday, January 21st. They issued a “buy” rating and a $64.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $58.00 target price (down previously from $70.00) on shares of V2X in a report on Thursday, December 19th. BTIG Research initiated coverage on shares of V2X in a research note on Monday, November 25th. They issued a “buy” rating and a $80.00 price target on the stock. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $80.00 price objective on shares of V2X in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, V2X presently has an average rating of “Moderate Buy” and an average price target of $66.50.

V2X Price Performance

V2X stock opened at $53.08 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $53.80 and a 200 day moving average price of $54.81. V2X, Inc. has a 12-month low of $37.04 and a 12-month high of $69.75. The stock has a market cap of $1.68 billion, a P/E ratio of 189.59, a PEG ratio of 0.60 and a beta of 0.59.

V2X (NYSE:VVX) last released its quarterly earnings results on Monday, November 4th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.07 by $0.22. V2X had a net margin of 0.22% and a return on equity of 13.49%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current year.

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.