Street Calls of the Week
RALEIGH, N.C. - Gilbarco Veeder-Root (GVR), a Vontier Corporation (NYSE:VNT) company, has secured a five-year service contract with Ampol, Australia’s largest energy provider, according to a press release statement. Vontier, currently trading near its 52-week high of $43.78, has demonstrated strong financial performance with an InvestingPro Financial Health score of "GOOD" and a market capitalization of $6.25 billion.
The agreement expands GVR’s existing service footprint with Ampol from Victoria and Tasmania to include Queensland, South Australia, Northern Territory and New South Wales. Western Australia remains excluded from the contract.
Under the new agreement, GVR will provide comprehensive preventative maintenance and repair services for Ampol’s above and below ground fuelling operations across the Australian mainland.
"We are thrilled to deepen our partnership with Ampol and expand our services across more states," said Todd Smith, Managing Director of Gilbarco Veeder Root Australia and New Zealand.
Gilbarco Veeder-Root is a provider of technology for retail and commercial fueling operations, offering solutions from forecourt to convenience store and head office. The company has been in operation for over 150 years.
Ampol is an independent Australian company with a history spanning over 100 years. It operates Australia’s largest branded petrol and convenience network, and is involved in refining, importing and marketing fuels and lubricants. The company also operates the AmpCharge electric vehicle charging network.
Vontier Corporation, GVR’s parent company, is a global industrial technology company focusing on productivity, automation and multi-energy technologies for the mobility ecosystem. The company has maintained strong profitability with a gross margin of 47% and generated $427 million in levered free cash flow over the last twelve months.
In other recent news, Vontier Corporation reported strong second-quarter earnings that surpassed analyst expectations. The company’s performance was bolstered by high demand in its mobility technologies and environmental fueling solutions segments. As a result of these positive results, Vontier has raised its full-year outlook, despite facing challenges in its repair solutions business. Additionally, KeyBanc has initiated coverage on Vontier with an Overweight rating, highlighting the company’s favorable position to benefit from long-term growth trends in the mobility ecosystem. The investment firm set a price target of $50.00, reflecting confidence in Vontier’s market potential. In further developments, Vontier’s Board of Directors declared a regular quarterly cash dividend of $0.025 per share, payable on September 25, 2025, to shareholders of record as of September 4, 2025. The company noted that future dividend declarations will remain at the board’s discretion. These recent developments underscore Vontier’s strategic focus and market opportunities.
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