Visteon Corporation (VC) Holdings Raised by BlueMountain Capital Management LLC
BlueMountain Capital Management LLC raised its holdings in shares of Visteon Corporation (NYSE:VC) by 145.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,630 shares of the auto parts company’s stock after acquiring an additional 14,591 shares during the quarter. BlueMountain Capital Management LLC owned approximately 0.08% of Visteon Corporation worth $2,514,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of Visteon Corporation by 9.5% in the first quarter. Wells Fargo & Company MN now owns 143,044 shares of the auto parts company’s stock worth $14,011,000 after purchasing an additional 12,462 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Visteon Corporation by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 52,264 shares of the auto parts company’s stock worth $5,119,000 after purchasing an additional 492 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Visteon Corporation in the first quarter worth about $3,678,000. Comerica Bank bought a new stake in shares of Visteon Corporation in the first quarter worth about $232,000. Finally, Swiss National Bank increased its holdings in shares of Visteon Corporation by 0.7% in the first quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock worth $5,485,000 after purchasing an additional 400 shares during the last quarter.
Visteon Corporation (NYSE VC) opened at 119.70 on Monday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 28.93 and a beta of 0.81. The company has a 50-day moving average price of $114.07 and a 200 day moving average price of $103.17. Visteon Corporation has a 52-week low of $64.95 and a 52-week high of $120.24.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. The company had revenue of $774.00 million during the quarter, compared to the consensus estimate of $770.96 million. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. Visteon Corporation’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. On average, analysts expect that Visteon Corporation will post $6.11 earnings per share for the current year.
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In other news, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the sale, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of the firm’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 transaction of $265,566.42. Following the sale, the insider now 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 currently owned by corporate insiders.
VC has been the topic of several research reports. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, July 13th. BidaskClub cut Visteon Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Barclays PLC reaffirmed an “equal weight” rating and issued a $98.00 target price (up from $97.00) on shares of Visteon Corporation in a report on Wednesday, August 2nd. Gabelli cut 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. Finally, UBS AG cut Visteon Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $108.00 to $113.00 in a report on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $113.00.
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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