Commonwealth Bank of Australia Reduces Position in Visteon Corp (VC)

Commonwealth Bank of Australia decreased its holdings in Visteon Corp (NYSE:VC) by 85.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,200 shares of the auto parts company’s stock after selling 18,300 shares during the period. Commonwealth Bank of Australia’s holdings in Visteon were worth $393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Campbell & CO Investment Adviser LLC bought a new position in shares of Visteon in the 3rd quarter valued at $765,000. Wells Fargo & Company MN grew its position in Visteon by 41.0% during the 3rd quarter. Wells Fargo & Company MN now owns 169,794 shares of the auto parts company’s stock worth $21,014,000 after acquiring an additional 49,335 shares during the last quarter. JPMorgan Chase & Co. grew its position in Visteon by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,035 shares of the auto parts company’s stock worth $25,234,000 after acquiring an additional 28,950 shares during the last quarter. Legal & General Group Plc grew its position in Visteon by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 41,892 shares of the auto parts company’s stock worth $5,183,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Visteon by 3.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock worth $85,074,000 after acquiring an additional 20,570 shares during the last quarter.

A number of equities research analysts recently weighed in on the company. Citigroup boosted their price objective on Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research lowered Visteon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. B. Riley restated a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Barclays boosted their price objective on Visteon from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets upgraded Visteon from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $123.86.

Shares of Visteon Corp (NYSE:VC) traded up $1.35 on Friday, reaching $124.90. The company’s stock had a trading volume of 326,950 shares, compared to its average volume of 212,329. The firm has a market cap of $3,884.27, a P/E ratio of 19.67, a PEG ratio of 1.33 and a beta of 0.85. Visteon Corp has a 52-week low of $79.54 and a 52-week high of $133.04. 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 (NYSE:VC) last announced its earnings results on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. equities research analysts forecast that Visteon Corp will post 6.25 EPS for the current fiscal year.

In other news, insider Robert R. Vallance sold 1,106 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total value of $133,958.72. Following the transaction, the insider now directly owns 4,086 shares of the company’s stock, valued at approximately $494,896.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sachin Lawande sold 2,004 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $123.90, for a total value of $248,295.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,110 shares of company stock worth $1,677,079 over the last ninety days. Company insiders own 0.19% of the company’s stock.

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Visteon Company 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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