Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Veoneer Inc (NYSE:VNE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,326 shares of the company’s stock, valued at approximately $293,000.
Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. purchased a new position in Veoneer in the third quarter worth $109,000. LSV Asset Management purchased a new position in Veoneer in the third quarter worth $132,000. Phoenix Investment Adviser LLC purchased a new position in Veoneer in the second quarter worth $144,000. Gabelli Funds LLC purchased a new position in Veoneer in the third quarter worth $220,000. Finally, CIBC Asset Management Inc purchased a new position in Veoneer in the third quarter worth $235,000. 27.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE VNE opened at $31.36 on Friday. Veoneer Inc has a one year low of $30.01 and a one year high of $57.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.62 and a quick ratio of 2.35.
Veoneer (NYSE:VNE) last issued its quarterly earnings results on Thursday, October 25th. The company reported ($0.78) EPS for the quarter, meeting analysts’ consensus estimates of ($0.78). The firm had revenue of $526.00 million for the quarter, compared to analysts’ expectations of $532.60 million. As a group, equities analysts forecast that Veoneer Inc will post -2.84 earnings per share for the current fiscal year.
VNE has been the topic of several research analyst reports. Longbow Research reissued a “hold” rating on shares of Veoneer in a research report on Friday, August 24th. Zacks Investment Research cut Veoneer from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Buckingham Research initiated coverage on Veoneer in a research report on Wednesday, September 19th. They issued a “neutral” rating and a $48.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Veoneer to $50.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 27th. Finally, UBS Group cut Veoneer from a “neutral” rating to a “sell” rating and set a $44.00 price objective on the stock. in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Veoneer currently has a consensus rating of “Hold” and a consensus price target of $44.47.
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Veoneer Company Profile
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronics products. The company offers automotive radars, cameras with driver assist systems, night vision systems, positioning systems, restraint control, sensing, and brake systems. The company is based in Stockholm, Sweden.
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