Veoneer Inc (VNE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in shares of Veoneer Inc (NYSE:VNE) by 11.8% during the first quarter, HoldingsChannel.com reports. The firm owned 4,698 shares of the company’s stock after selling 628 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Veoneer were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of VNE. Legacy Advisors LLC bought a new position in Veoneer during the first quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. bought a new position in Veoneer during the fourth quarter valued at approximately $37,000. Citigroup Inc. lifted its position in Veoneer by 113.7% during the fourth quarter. Citigroup Inc. now owns 4,011 shares of the company’s stock valued at $94,000 after purchasing an additional 2,134 shares during the period. NumerixS Investment Technologies Inc bought a new position in Veoneer during the fourth quarter valued at approximately $134,000. Finally, Canada Pension Plan Investment Board lifted its position in Veoneer by 368.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,982 shares of the company’s stock valued at $188,000 after purchasing an additional 6,279 shares during the period. Institutional investors own 22.63% of the company’s stock.
VNE traded up $0.17 during trading on Friday, hitting $17.67. The company’s stock had a trading volume of 1,773,961 shares, compared to its average volume of 761,599. The company has a current ratio of 2.28, a quick ratio of 1.99 and a debt-to-equity ratio of 0.06. Veoneer Inc has a one year low of $17.25 and a one year high of $57.93. The company has a market capitalization of $1.54 billion and a PE ratio of -5.57.
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Veoneer Company Profile
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.
Further Reading: Systematic Risk and Investors
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