Northern Trust Corp trimmed its position in shares of Veoneer Inc (NYSE:VNE) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245,186 shares of the company’s stock after selling 13,076 shares during the quarter. Northern Trust Corp owned 0.28% of Veoneer worth $5,779,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in VNE. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Veoneer during the 4th quarter worth about $37,000. Citigroup Inc. raised its position in shares of Veoneer by 113.7% during the 4th quarter. Citigroup Inc. now owns 4,011 shares of the company’s stock worth $94,000 after acquiring an additional 2,134 shares in the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Veoneer during the 3rd quarter worth about $138,000. KBC Group NV raised its position in shares of Veoneer by 20.2% during the 4th quarter. KBC Group NV now owns 15,170 shares of the company’s stock worth $358,000 after acquiring an additional 2,546 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Veoneer by 9.1% during the 4th quarter. First Trust Advisors LP now owns 39,849 shares of the company’s stock worth $939,000 after acquiring an additional 3,313 shares in the last quarter. Institutional investors own 25.15% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Veoneer from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. BMO Capital Markets cut their target price on Veoneer to $30.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Mizuho cut their target price on Veoneer from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. Robert W. Baird raised Veoneer from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $21.00 to $28.00 in a research report on Tuesday, April 23rd. Finally, Longbow Research raised Veoneer from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Monday, January 14th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.53.
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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.
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