Gateway Investment Advisers LLC acquired a new stake in Veoneer Inc (NYSE:VNE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 55,082 shares of the company’s stock, valued at approximately $3,033,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of VNE. Folketrygdfondet acquired a new position in shares of Veoneer in the second quarter valued at approximately $11,897,000. Nikko Asset Management Americas Inc. acquired a new position in shares of Veoneer in the third quarter valued at approximately $7,478,000. Northern Trust Corp acquired a new position in shares of Veoneer in the second quarter valued at approximately $1,053,000. Bank of Montreal Can acquired a new position in shares of Veoneer in the third quarter valued at approximately $300,000. Finally, Phoenix Investment Adviser LLC acquired a new position in shares of Veoneer in the second quarter valued at approximately $144,000. Institutional investors own 7.93% of the company’s stock.
In other Veoneer news, EVP Mikko S. Taipale acquired 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were purchased at an average price of $50.71 per share, with a total value of $30,426.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jan Carlson acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The shares were acquired at an average cost of $50.65 per share, for a total transaction of $2,532,500.00. The disclosure for this purchase can be found here. Insiders have purchased 53,100 shares of company stock worth $2,701,501 in the last ninety days.
Shares of VNE stock opened at $40.52 on Friday. Veoneer Inc has a 1-year low of $39.50 and a 1-year high of $57.93. The company has a quick ratio of 2.64, a current ratio of 2.91 and a debt-to-equity ratio of 0.01.
Veoneer (NYSE:VNE) last announced its quarterly earnings data on Friday, July 27th. The company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.64) by ($0.08). The company had revenue of $572.00 million during the quarter, compared to analysts’ expectations of $592.80 million. On average, research analysts expect that Veoneer Inc will post -2.63 earnings per share for the current fiscal year.
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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