Private Management Group Inc. Reduces Position in Vontier Co. (NYSE:VNT)

Private Management Group Inc. trimmed its holdings in Vontier Co. (NYSE:VNT) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 499,201 shares of the company’s stock after selling 3,377 shares during the quarter. Private Management Group Inc. owned about 0.33% of Vontier worth $18,206,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Wedge Capital Management L L P NC grew its stake in shares of Vontier by 18.5% in the third quarter. Wedge Capital Management L L P NC now owns 374,117 shares of the company’s stock worth $12,623,000 after acquiring an additional 58,362 shares during the period. Integrated Investment Consultants LLC boosted its holdings in Vontier by 14.7% in the fourth quarter. Integrated Investment Consultants LLC now owns 67,480 shares of the company’s stock worth $2,461,000 after purchasing an additional 8,657 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Vontier in the 4th quarter worth approximately $223,000. Holocene Advisors LP purchased a new stake in Vontier during the 3rd quarter valued at $1,349,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Vontier by 6.6% during the 3rd quarter. SG Americas Securities LLC now owns 31,860 shares of the company’s stock valued at $1,075,000 after buying an additional 1,965 shares during the period. Hedge funds and other institutional investors own 95.83% of the company’s stock.

Vontier Trading Up 2.0 %

Vontier stock opened at $38.86 on Thursday. Vontier Co. has a 12-month low of $31.22 and a 12-month high of $45.62. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.73 and a beta of 1.26. The firm has a 50 day moving average of $37.77 and a 200 day moving average of $36.15. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 2.10.

Analyst Ratings Changes

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

Vontier Company 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.