Aperio Group LLC decreased its holdings in shares of Visteon Corporation (NYSE:VC) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,944 shares of the auto parts company’s stock after selling 3,193 shares during the quarter. Aperio Group LLC’s holdings in Visteon Corporation were worth $1,478,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in shares of Visteon Corporation by 2,531.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Visteon Corporation by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after buying an additional 61 shares in the last quarter. Quantbot Technologies LP boosted its stake in Visteon Corporation by 2.8% in the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after buying an additional 30 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Visteon Corporation by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after buying an additional 526 shares in the last quarter. Finally, Riverhead Capital Management LLC purchased a new stake in Visteon Corporation in the second quarter worth approximately $153,000.
In related news, insider Matthew M. Cole sold 1,359 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the transaction, the insider now owns 693 shares in the company, valued at $79,133.67. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,481 shares of company stock valued at $913,870. Insiders own 0.19% of the company’s stock.
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Shares of Visteon Corporation (NYSE VC) opened at $128.04 on Friday. The firm has a market capitalization of $3,955.46, a P/E ratio of 20.03, a PEG ratio of 1.36 and a beta of 0.83. Visteon Corporation has a 52 week low of $76.95 and a 52 week high of $128.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. The firm had revenue of $765.00 million during the quarter, compared to analyst estimates of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. sell-side analysts forecast that Visteon Corporation will post 6.23 EPS for the current year.
VC has been the subject of several research reports. BidaskClub raised Visteon Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Gabelli lowered Visteon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. UBS AG lowered Visteon Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $108.00 to $113.00 in a research note on Monday, July 31st. Wells Fargo & Company raised Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Monday, July 31st. Finally, BMO Capital Markets upped their target price on Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.86.
Visteon Corporation Company Profile
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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