Visteon Corp (VC) Position Trimmed by Magnetar Financial LLC

Magnetar Financial LLC lessened its stake in shares of Visteon Corp (NYSE:VC) by 53.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,253 shares of the auto parts company’s stock after selling 4,901 shares during the period. Magnetar Financial LLC’s holdings in Visteon were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VC. Canada Pension Plan Investment Board boosted its holdings in shares of Visteon by 47.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 143,400 shares of the auto parts company’s stock valued at $14,635,000 after purchasing an additional 45,900 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Visteon by 16.8% during the 2nd quarter. First Trust Advisors LP now owns 43,853 shares of the auto parts company’s stock valued at $4,476,000 after purchasing an additional 6,300 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Visteon in the 2nd quarter valued at about $246,000. Comerica Bank lifted its holdings in shares of Visteon by 428.7% in the 2nd quarter. Comerica Bank now owns 11,907 shares of the auto parts company’s stock valued at $1,287,000 after acquiring an additional 9,655 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Visteon by 13.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 148,381 shares of the auto parts company’s stock valued at $15,144,000 after acquiring an additional 18,106 shares during the last quarter.

A number of research analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Jefferies Group initiated coverage on shares of Visteon in a research report on Thursday, September 28th. They issued a “hold” rating and a $135.00 price objective on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $126.00 price objective on shares of Visteon in a research report on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating and issued a $143.00 price objective on shares of Visteon in a research report on Tuesday, October 17th. Finally, Barclays increased their price objective on shares of Visteon from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $123.86.

In related news, CEO Sachin Lawande sold 2,004 shares of Visteon stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $123.90, for a total transaction of $248,295.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Stephanie S. Marianos sold 512 shares of Visteon stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $119.74, for a total transaction of $61,306.88. Following the transaction, the vice president now directly owns 431 shares in the company, valued at $51,607.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,622 shares of company stock worth $1,738,386. 0.19% of the stock is currently owned by corporate insiders.

Shares of Visteon Corp (NYSE:VC) traded down $0.94 during trading hours on Wednesday, hitting $127.04. 231,400 shares of the stock were exchanged, compared to its average volume of 303,318. The stock has a market capitalization of $3,990.00, a price-to-earnings ratio of 20.15, a PEG ratio of 1.37 and a beta of 0.85. Visteon Corp has a fifty-two week low of $79.54 and a fifty-two week high of $133.04. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.

Visteon (NYSE:VC) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.17. The business had revenue of $765.00 million for the quarter, compared to analyst estimates of $761.95 million. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. sell-side analysts expect that Visteon Corp will post 6.25 EPS for the current fiscal year.

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Visteon 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.

Institutional Ownership by Quarter for Visteon (NYSE:VC)

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