DekaBank Deutsche Girozentrale acquired a new position in shares of Veoneer Inc (NYSE:VNE) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $983,000.

A number of other institutional investors have also modified their holdings of VNE. Bessemer Group Inc. bought a new stake in Veoneer during the third quarter worth about $109,000. LSV Asset Management purchased a new position in shares of Veoneer during the 3rd quarter worth approximately $132,000. Phoenix Investment Adviser LLC purchased a new stake in shares of Veoneer in the 2nd quarter worth approximately $144,000. Gabelli Funds LLC purchased a new stake in shares of Veoneer in the 3rd quarter worth approximately $220,000. Finally, CIBC Asset Management Inc bought a new position in Veoneer in the 3rd quarter valued at approximately $235,000. 27.87% of the stock is currently owned by institutional investors.

VNE stock opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.35 and a current ratio of 2.62. Veoneer Inc has a 1-year low of $30.01 and a 1-year high of $57.93.

Veoneer (NYSE:VNE) last issued its quarterly earnings results on Thursday, October 25th. The company reported ($0.78) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.78). The business had revenue of $526.00 million during the quarter, compared to analyst estimates of $532.60 million. Research analysts expect that Veoneer Inc will post -2.86 EPS for the current year.

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their target price on Veoneer from $60.00 to $49.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. They noted that the move was a valuation call. Jefferies Financial Group reissued a “hold” rating and issued a $34.00 price objective on shares of Veoneer in a research note on Tuesday. Buckingham Research assumed coverage on shares of Veoneer in a research note on Wednesday, September 19th. They set a “neutral” rating and a $48.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Veoneer to $50.00 and gave the company a “sector perform” rating in a report on Thursday, September 27th. Finally, Macquarie started coverage on shares of Veoneer in a report on Monday, October 8th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $44.47.

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Veoneer 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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Institutional Ownership by Quarter for Veoneer (NYSE:VNE)

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