Zimmer Partners LP Has $18.64 Million Holdings in V2X, Inc. (NYSE:VVX)

Zimmer Partners LP raised its holdings in V2X, Inc. (NYSE:VVX) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 389,609 shares of the company’s stock after buying an additional 127,189 shares during the quarter. Zimmer Partners LP’s holdings in V2X were worth $18,635,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in V2X in the fourth quarter valued at approximately $831,000. Invesco Ltd. lifted its stake in V2X by 8.2% in the fourth quarter. Invesco Ltd. now owns 226,305 shares of the company’s stock valued at $10,824,000 after buying an additional 17,232 shares during the period. Bullseye Asset Management LLC acquired a new position in V2X in the fourth quarter valued at approximately $2,492,000. Quantbot Technologies LP lifted its stake in V2X by 273.9% in the fourth quarter. Quantbot Technologies LP now owns 18,489 shares of the company’s stock valued at $884,000 after buying an additional 13,544 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in V2X by 16.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,885 shares of the company’s stock valued at $6,786,000 after buying an additional 19,524 shares during the period. 95.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VVX. Raymond James dropped their price target on V2X from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Truist Financial lowered their target price on V2X from $68.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup began coverage on V2X in a research report on Tuesday, January 21st. They set a “buy” rating and a $64.00 target price on the stock. Morgan Stanley began coverage on V2X in a research report on Wednesday, April 16th. They set an “underweight” rating and a $51.00 target price on the stock. Finally, Royal Bank of Canada lowered their target price on V2X from $58.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, V2X currently has a consensus rating of “Moderate Buy” and an average price target of $63.67.

V2X Trading Down 0.1%

Shares of V2X stock opened at $47.97 on Tuesday. The stock has a fifty day simple moving average of $49.33 and a 200 day simple moving average of $51.58. V2X, Inc. has a 12-month low of $41.08 and a 12-month high of $69.75. The company has a market capitalization of $1.52 billion, a P/E ratio of 171.33, a price-to-earnings-growth ratio of 0.61 and a beta of 0.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.09.

V2X (NYSE:VVX) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.06. V2X had a return on equity of 13.49% and a net margin of 0.22%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. V2X’s revenue was up .5% compared to the same quarter last year. On average, sell-side analysts anticipate that V2X, Inc. will post 4.16 earnings per share for the current fiscal year.

V2X Company 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.