Schroder Investment Management Group Purchases New Holdings in Veoneer Inc (VNE)

Schroder Investment Management Group purchased a new position in shares of Veoneer Inc (NYSE:VNE) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 195,244 shares of the company’s stock, valued at approximately $10,752,000. Schroder Investment Management Group owned about 0.22% of Veoneer as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Anderson Hoagland & Co. bought a new position in Veoneer during the 3rd quarter worth approximately $756,000. Phoenix Investment Adviser LLC bought a new position in Veoneer during the 2nd quarter worth approximately $144,000. BTIM Corp. bought a new position in Veoneer during the 3rd quarter worth approximately $6,037,000. Capital Advantage Inc. bought a new position in Veoneer during the 3rd quarter worth approximately $461,000. Finally, FNY Investment Advisers LLC bought a new position in Veoneer during the 3rd quarter worth approximately $688,000. Hedge funds and other institutional investors own 27.87% of the company’s stock.

Several research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Veoneer in a report on Tuesday. They set a “hold” rating and a $34.00 price target for the company. BMO Capital Markets lowered their price target on shares of Veoneer from $60.00 to $49.00 and set an “outperform” rating for the company in a report on Monday, November 5th. They noted that the move was a valuation call. Buckingham Research set a $34.00 price target on shares of Veoneer and gave the stock a “hold” rating in a report on Tuesday, October 30th. Evercore ISI lowered shares of Veoneer from an “in-line” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Friday, October 12th. Finally, Macquarie assumed coverage on shares of Veoneer in a report on Monday, October 8th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.27.

NYSE:VNE opened at $34.29 on Tuesday. 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 twelve month low of $30.55 and a twelve month high of $57.93.

Veoneer (NYSE:VNE) last released its quarterly earnings data on Thursday, October 25th. The company reported ($0.78) earnings per share for the quarter, meeting the consensus estimate of ($0.78). The company had revenue of $526.00 million during the quarter, compared to the consensus estimate of $532.60 million. As a group, research analysts anticipate that Veoneer Inc will post -2.88 EPS for the current year.

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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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Institutional Ownership by Quarter for Veoneer (NYSE:VNE)

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