Argent Capital Management LLC grew its position in Visteon Corporation (NYSE:VC) by 10.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,190 shares of the auto parts company’s stock after purchasing an additional 4,000 shares during the period. Argent Capital Management LLC owned approximately 0.13% of Visteon Corporation worth $4,204,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Visteon Corporation by 2,531.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after acquiring an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Visteon Corporation by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares during the last quarter. Quantbot Technologies LP increased its holdings 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 purchasing an additional 30 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings 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 worth $137,000 after purchasing an additional 526 shares during the last quarter. Finally, Riverhead Capital Management LLC purchased a new stake in Visteon Corporation during the 2nd quarter worth approximately $153,000.
In related news, VP Stephanie S. Marianos sold 512 shares of the company’s stock in a transaction dated 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 owns 431 shares in the company, valued at approximately $51,607.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sunil K. Bilolikar sold 2,394 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total transaction of $265,566.42. Following the completion of the sale, the insider now owns 300 shares of the company’s stock, valued at approximately $33,279. The disclosure for this sale can be found here. Insiders have sold a total of 7,375 shares of company stock worth $864,312 in the last three months. Insiders own 0.19% of the company’s stock.
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VC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, July 13th. Gabelli lowered Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. UBS AG lowered Visteon Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $108.00 to $113.00 in a research report on Monday, July 31st. BMO Capital Markets upgraded Visteon Corporation from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $104.00 to $115.00 in a research report on Friday, September 22nd. Finally, BidaskClub upgraded Visteon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Visteon Corporation presently has an average rating of “Buy” and a consensus target price of $118.36.
Shares of Visteon Corporation (NYSE:VC) traded up 0.10% during mid-day trading on Wednesday, hitting $123.74. The stock had a trading volume of 81,918 shares. The firm’s 50-day moving average price is $120.92 and its 200 day moving average price is $107.38. Visteon Corporation has a 12-month low of $64.95 and a 12-month high of $128.39. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 29.91 and a beta of 0.85.
Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $770.96 million. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 EPS. Equities analysts forecast that Visteon Corporation will post $6.13 EPS for the current fiscal year.
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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