Standard Life Investments LTD Has $206.28 Million Holdings in Visteon Corporation (VC)
Standard Life Investments LTD boosted its position in shares of Visteon Corporation (NYSE:VC) by 6.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,021,035 shares of the auto parts company’s stock after buying an additional 124,361 shares during the period. Standard Life Investments LTD owned approximately 6.48% of Visteon Corporation worth $206,278,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in Visteon Corporation by 64.6% during 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. Riverhead Capital Management LLC acquired a new stake in Visteon Corporation during the second quarter worth about $153,000. World Asset Management Inc acquired a new stake in Visteon Corporation during the first quarter worth about $201,000. Fox Run Management L.L.C. acquired a new stake in Visteon Corporation during the second quarter worth about $204,000. Finally, KCG Holdings Inc. acquired a new stake in Visteon Corporation during the first quarter worth about $209,000.
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A number of equities research analysts have recently weighed in on VC shares. Zacks Investment Research upgraded shares of Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Thursday, July 13th. BidaskClub downgraded shares of Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Barclays PLC restated an “equal weight” rating and issued a $98.00 price target (up from $97.00) on shares of Visteon Corporation in a research note on Wednesday, August 2nd. Gabelli downgraded shares of 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. Finally, UBS AG downgraded shares of Visteon Corporation from a “buy” rating to a “neutral” rating and raised their price target for the company from $108.00 to $113.00 in a research note on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $113.00.
In other Visteon Corporation 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 value of $155,184.21. Following the completion of the sale, the insider now owns 693 shares of the company’s stock, valued at $79,133.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
Shares of Visteon Corporation (NYSE:VC) traded down 0.70% on Wednesday, reaching $118.52. 68,739 shares of the company were exchanged. Visteon Corporation has a 12-month low of $64.95 and a 12-month high of $119.46. The firm has a market capitalization of $3.69 billion, a PE ratio of 28.65 and a beta of 0.81. The stock’s 50-day moving average is $112.99 and its 200 day moving average is $102.57.
Visteon Corporation (NYSE:VC) last issued its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The business had revenue of $774.00 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%. Visteon Corporation’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. On average, analysts forecast that Visteon Corporation will post $6.11 EPS for the current year.
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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