Retirement Systems of Alabama Raises Position in Vontier Co. (NYSE:VNT)

Retirement Systems of Alabama boosted its holdings in Vontier Co. (NYSE:VNT) by 42.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 705,740 shares of the company’s stock after purchasing an additional 209,227 shares during the period. Retirement Systems of Alabama’s holdings in Vontier were worth $25,738,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. River Road Asset Management LLC boosted its stake in shares of Vontier by 21.4% during the third quarter. River Road Asset Management LLC now owns 2,356,558 shares of the company’s stock valued at $79,510,000 after purchasing an additional 415,750 shares during the period. Jane Street Group LLC raised its stake in shares of Vontier by 398.4% during the third quarter. Jane Street Group LLC now owns 191,285 shares of the company’s stock valued at $6,454,000 after acquiring an additional 152,904 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Vontier by 1,414.9% during the third quarter. Verition Fund Management LLC now owns 159,865 shares of the company’s stock worth $5,394,000 after purchasing an additional 149,312 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vontier by 11.2% in the third quarter. Janus Henderson Group PLC now owns 1,311,344 shares of the company’s stock worth $44,246,000 after purchasing an additional 132,312 shares during the last quarter. Finally, Olstein Capital Management L.P. increased its holdings in Vontier by 50.5% during the 3rd quarter. Olstein Capital Management L.P. now owns 307,000 shares of the company’s stock valued at $10,358,000 after purchasing an additional 103,000 shares during the period. 95.83% of the stock is currently owned by hedge funds and other institutional investors.

Vontier Trading Up 2.0 %

NYSE:VNT opened at $38.86 on Thursday. Vontier Co. has a one year low of $31.22 and a one year high of $45.62. The firm has a 50-day simple moving average of $37.77 and a 200-day simple moving average of $36.15. The firm has a market cap of $5.84 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.73 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.23 and a current ratio of 1.64.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VNT. Barclays dropped their target price on shares of Vontier from $46.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. UBS Group initiated coverage on Vontier in a research note on Tuesday, December 10th. They set a “buy” rating and a $47.00 price objective for the company. Wolfe Research upgraded shares of Vontier from a “peer perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Thursday, December 12th. Finally, Citigroup dropped their price objective on Vontier from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vontier presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.63.

Vontier Profile

Vontier Corporation provides mobility ecosystem solutions worldwide. The company operates through Mobility Technologies, Repair Solutions, and Environmental and Fueling Solutions segments. The Mobility Technologies segment provides digitally equipment solutions for mobility ecosystem, such as point-of-sale and payment systems, workflow automation, telematics, data analytics, software platform, and integrated solutions for alternative fuel dispensing.