Sensato Investors LLC purchased a new stake in shares of Visteon Corp (NYSE:VC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,400 shares of the auto parts company’s stock, valued at approximately $2,428,000.
A number of other large investors also recently added to or reduced their stakes in the business. Teachers Advisors LLC lifted its position in shares of Visteon by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 273,527 shares of the auto parts company’s stock valued at $34,229,000 after acquiring an additional 11,467 shares in the last quarter. Raymond James & Associates lifted its position in shares of Visteon by 9.4% in the fourth quarter. Raymond James & Associates now owns 11,726 shares of the auto parts company’s stock valued at $1,467,000 after acquiring an additional 1,010 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Visteon by 51.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 216,900 shares of the auto parts company’s stock valued at $27,143,000 after acquiring an additional 73,880 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Visteon in the fourth quarter valued at about $1,935,000. Finally, Jefferies Group LLC lifted its position in shares of Visteon by 267.6% in the fourth quarter. Jefferies Group LLC now owns 19,907 shares of the auto parts company’s stock valued at $2,491,000 after acquiring an additional 14,491 shares in the last quarter.
Shares of Visteon Corp (VC) opened at $123.52 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The company has a market capitalization of $3,840.00, a PE ratio of 9.80, a P/E/G ratio of 1.34 and a beta of 0.88. Visteon Corp has a 52-week low of $91.20 and a 52-week high of $140.64.
Visteon (NYSE:VC) last posted its earnings results on Thursday, February 22nd. The auto parts company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.09). The firm had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $797.55 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. analysts anticipate that Visteon Corp will post 6.23 EPS for the current fiscal year.
Visteon announced that its Board of Directors has authorized a stock buyback program on Tuesday, January 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, CEO Sachin Lawande sold 1,539 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $123.62, for a total value of $190,251.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 11,539 shares of company stock worth $1,474,051 over the last quarter. 0.19% of the stock is owned by company insiders.
Several equities analysts have recently commented on VC shares. Zacks Investment Research downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. ValuEngine upgraded Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada restated a “hold” rating and issued a $138.00 price objective on shares of Visteon in a research report on Wednesday, December 20th. B. Riley boosted their price objective on Visteon from $140.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Guggenheim restated a “buy” rating and issued a $154.00 price objective on shares of Visteon in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $137.76.
WARNING: “Sensato Investors LLC Invests $2.43 Million in Visteon Corp (VC) Stock” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2018/03/14/sensato-investors-llc-invests-2-43-million-in-visteon-corp-vc-stock.html.
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.
Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Corp (NYSE:VC).
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.