Numeric Investors LLC purchased a new position in Visteon Corporation (NYSE:VC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,600 shares of the auto parts company’s stock, valued at approximately $980,000.
Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Visteon Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock valued at $259,523,000 after buying an additional 55,541 shares during the period. Standard Life Investments LTD lifted its holdings in shares of Visteon Corporation by 6.6% in the second quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock valued at $206,278,000 after buying an additional 124,361 shares during the period. BlackRock Inc. lifted its holdings in shares of Visteon Corporation by 7,509.9% in the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock valued at $134,341,000 after buying an additional 1,353,504 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon Corporation by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 866,608 shares of the auto parts company’s stock valued at $84,884,000 after buying an additional 21,905 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Visteon Corporation by 11.3% in the second quarter. First Eagle Investment Management LLC now owns 683,115 shares of the auto parts company’s stock valued at $69,719,000 after buying an additional 69,160 shares during the period.
Shares of Visteon Corporation (NYSE VC) opened at 124.29 on Wednesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 30.04 and a beta of 0.85. Visteon Corporation has a one year low of $64.95 and a one year high of $128.39. The stock’s 50 day moving average price is $119.77 and its 200 day moving average price is $106.79.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The business had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $770.96 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Visteon Corporation will post $6.11 EPS for the current year.
In other Visteon Corporation news, VP Stephanie S. Marianos sold 512 shares of Visteon Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $119.74, for a total transaction of $61,306.88. Following the transaction, the vice president now directly owns 431 shares in the company, valued at $51,607.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Robert R. Vallance sold 1,106 shares of Visteon Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total value of $133,958.72. Following the transaction, the insider now owns 4,086 shares in the company, valued at $494,896.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,371 shares of company stock valued at $616,016. 0.19% of the stock is owned by insiders.
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VC has been the subject of several research analyst reports. UBS AG lowered Visteon Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the company from $108.00 to $113.00 in a report on Monday, July 31st. BidaskClub lowered Visteon Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. BMO Capital Markets upgraded Visteon Corporation from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $96.00 to $85.00 in a report on Monday, June 26th. J P Morgan Chase & Co restated an “overweight” rating and issued a $110.00 price objective on shares of Visteon Corporation in a report on Wednesday, June 21st. Finally, Gabelli lowered Visteon Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Visteon Corporation presently has an average rating of “Buy” and a consensus price target of $115.62.
About Visteon Corporation
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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