Third Avenue Management LLC reduced its position in shares of Visteon Corporation (NYSE:VC) by 21.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,753 shares of the auto parts company’s stock after selling 13,135 shares during the period. Third Avenue Management LLC owned about 0.16% of Visteon Corporation worth $6,035,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in Visteon Corporation by 2,531.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 962 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Visteon Corporation by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after buying an additional 61 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Visteon Corporation by 2.8% in the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after buying an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Visteon Corporation by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after buying an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC acquired a new stake in shares of Visteon Corporation in the second quarter valued at approximately $153,000.
Shares of Visteon Corporation (VC) opened at $127.23 on Wednesday. Visteon Corporation has a 12-month low of $74.66 and a 12-month high of $128.39. The company has a market capitalization of $3,948.31, a PE ratio of 19.99, a P/E/G ratio of 1.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
Visteon Corporation (NYSE:VC) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 29.13% and a net margin of 4.83%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 EPS. equities analysts anticipate that Visteon Corporation will post 6.23 earnings per share for the current fiscal year.
In other news, VP Stephanie S. Marianos sold 512 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $119.74, for a total value of $61,306.88. Following the transaction, the vice president now owns 431 shares of the company’s stock, valued at $51,607.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Matthew M. Cole sold 1,359 shares of the stock in a transaction on 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 transaction, the insider now directly owns 693 shares in the company, valued at approximately $79,133.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,481 shares of company stock worth $913,870. 0.19% of the stock is owned by company insiders.
A number of equities analysts have recently weighed in on VC shares. B. Riley restated a “buy” rating on shares of Visteon Corporation in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Tuesday, October 31st. Citigroup Inc. raised their price objective on Visteon Corporation from $113.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Barclays PLC raised their price objective on Visteon Corporation from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Finally, FBR & Co raised their price objective on Visteon Corporation from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.86.
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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