Visteon Corporation (VC) Position Lifted by Sei Investments Co.
Sei Investments Co. increased its stake in Visteon Corporation (NYSE:VC) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,086 shares of the auto parts company’s stock after buying an additional 3,783 shares during the period. Sei Investments Co. owned 0.35% of Visteon Corporation worth $13,626,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of VC. Tower Research Capital LLC TRC increased its stake in Visteon Corporation by 2,531.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after buying an additional 962 shares during the period. The Manufacturers Life Insurance Company increased its stake in Visteon Corporation by 6.2% in the 2nd 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 during the period. Quantbot Technologies LP increased its stake in Visteon Corporation by 2.8% in the 2nd 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 during the period. BNP Paribas Arbitrage SA increased its stake in Visteon Corporation by 64.6% in the 2nd 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 during the period. Finally, Riverhead Capital Management LLC purchased a new position in Visteon Corporation in the 2nd quarter worth about $153,000.
In other Visteon Corporation news, insider Matthew M. Cole sold 1,359 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were 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 in the company, valued at approximately $79,133.67. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total transaction of $315,125.00. Following the completion of the sale, 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 quarter, insiders sold 7,481 shares of company stock valued at $913,870. Company insiders own 0.19% of the company’s stock.
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Several research analysts recently commented on the stock. Citigroup Inc. raised their price target on shares of Visteon Corporation from $113.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Zacks Investment Research cut shares of Visteon Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Visteon Corporation in a report on Wednesday, November 1st. Gabelli cut shares of 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 shares of Visteon Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $108.00 to $113.00 in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $123.86.
Shares of Visteon Corporation (VC) opened at $129.17 on Friday. 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 firm has a market cap of $4,050.00, a PE ratio of 20.04, a PEG ratio of 1.36 and a beta of 0.83. Visteon Corporation has a 1-year low of $76.95 and a 1-year high of $129.85.
Visteon Corporation (NYSE:VC) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 4.83% and a return on equity of 29.13%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. sell-side analysts predict that Visteon Corporation will post 6.23 earnings per share for the current fiscal year.
Visteon Corporation 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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