Visteon Corporation (VC) Position Boosted by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC boosted its stake in Visteon Corporation (NYSE:VC) by 10,106.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,170 shares of the auto parts company’s stock after buying an additional 32,845 shares during the period. Harbour Capital Advisors LLC owned 0.10% of Visteon Corporation worth $325,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in 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 worth $134,341,000 after buying an additional 1,353,504 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Visteon Corporation during the first quarter worth about $46,713,000. Janus Capital Management LLC increased its position in shares of Visteon Corporation by 1,987.7% in the first quarter. Janus Capital Management LLC now owns 459,296 shares of the auto parts company’s stock worth $44,988,000 after buying an additional 437,296 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Visteon Corporation by 100.7% in the first quarter. Systematic Financial Management LP now owns 764,142 shares of the auto parts company’s stock worth $74,848,000 after buying an additional 383,398 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Visteon Corporation by 49.0% in the first quarter. OppenheimerFunds Inc. now owns 774,691 shares of the auto parts company’s stock worth $75,881,000 after buying an additional 254,832 shares during the last quarter.
Shares of Visteon Corporation (NYSE VC) traded up 0.66% during midday trading on Friday, hitting $113.39. 124,192 shares of the company were exchanged. Visteon Corporation has a 52-week low of $64.95 and a 52-week high of $116.78. The company has a 50-day moving average price of $108.83 and a 200-day moving average price of $99.79. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 27.41 and a beta of 0.91.
Visteon Corporation (NYSE:VC) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $774 million during the quarter, compared to analyst estimates of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. On average, analysts forecast that Visteon Corporation will post $6.11 EPS for the current year.
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Several analysts have weighed in on VC shares. BidaskClub downgraded shares of Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Gabelli downgraded shares of Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. UBS AG downgraded shares of Visteon Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $108.00 to $113.00 in a research report on Monday, July 31st. Wells Fargo & Company upgraded shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Monday, July 31st. Finally, BMO Capital Markets lifted their price objective on shares of Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.00.
In related news, insider Sunil K. Bilolikar sold 2,394 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the sale, the insider now directly owns 300 shares of the company’s stock, valued at approximately $33,279. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by corporate insiders.
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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