Visteon Corporation (VC) Position Lifted by Williams Jones & Associates LLC
Williams Jones & Associates LLC boosted its holdings in shares of Visteon Corporation (NYSE:VC) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,973 shares of the auto parts company’s stock after buying an additional 1,730 shares during the period. Williams Jones & Associates LLC owned approximately 0.05% of Visteon Corporation worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP boosted its position in Visteon Corporation by 2.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after acquiring an additional 30 shares during the period. BNP Paribas Arbitrage SA grew its stake in Visteon Corporation by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 526 shares in the last quarter. Riverhead Capital Management LLC purchased a new position in Visteon Corporation during the 2nd quarter valued at about $153,000. World Asset Management Inc purchased a new position in Visteon Corporation during the 1st quarter valued at about $201,000. Finally, Fox Run Management L.L.C. purchased a new position in Visteon Corporation during the 2nd quarter valued at about $204,000.
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Visteon Corporation (VC) traded up 0.004% during mid-day trading on Wednesday, reaching $126.805. 24,544 shares of the company’s stock were exchanged. Visteon Corporation has a 52-week low of $64.95 and a 52-week high of $128.15. The stock has a 50-day moving average price of $118.02 and a 200 day moving average price of $105.72. The company has a market cap of $3.95 billion, a PE ratio of 30.651 and a beta of 0.85.
Visteon Corporation (NYSE:VC) last announced its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. Visteon Corporation’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. Equities analysts predict that Visteon Corporation will post $6.11 earnings per share for the current fiscal year.
In other Visteon Corporation news, VP Stephanie S. Marianos sold 512 shares of Visteon Corporation 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 sale, the vice president now directly owns 431 shares in the company, valued at approximately $51,607.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $133,958.72. Following the sale, the insider now directly owns 4,086 shares in the company, valued at $494,896.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,371 shares of company stock valued at $616,016. Insiders own 0.19% of the company’s stock.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on shares of Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of Visteon Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Morgan Stanley decreased their price target on shares of Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, June 9th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Visteon Corporation in a research report on Wednesday, June 21st. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $98.00 price objective (up from $97.00) on shares of Visteon Corporation in a research report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $115.62.
Visteon Corporation 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.
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