First Trust Advisors LP trimmed its holdings in Visteon Corporation (NYSE:VC) by 14.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,543 shares of the auto parts company’s stock after selling 6,310 shares during the period. First Trust Advisors LP owned approximately 0.12% of Visteon Corporation worth $4,647,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in VC. BlackRock Inc. grew its stake in Visteon Corporation by 7,509.9% in the 1st quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock valued at $134,341,000 after buying an additional 1,353,504 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Visteon Corporation in the 2nd quarter valued at approximately $78,611,000. Eagle Asset Management Inc. grew its stake in Visteon Corporation by 36.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 650,732 shares of the auto parts company’s stock valued at $66,413,000 after buying an additional 173,822 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Visteon Corporation by 182.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 252,028 shares of the auto parts company’s stock valued at $25,721,000 after purchasing an additional 162,689 shares in the last quarter. Finally, Standard Life Investments LTD grew its position in shares of Visteon Corporation by 6.6% during the 2nd quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock valued at $206,278,000 after purchasing an additional 124,361 shares in the last quarter.
In other Visteon Corporation news, CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the completion of the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at $1,083,399.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephanie S. Marianos sold 512 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $119.74, for a total transaction of $61,306.88. Following the completion of the sale, the vice president now directly owns 431 shares of the company’s stock, valued at $51,607.94. The disclosure for this sale can be found here. Insiders have sold a total of 7,481 shares of company stock valued at $913,870 over the last ninety days. 0.19% of the stock is currently owned by insiders.
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Shares of Visteon Corporation (VC) opened at $129.17 on Friday. Visteon Corporation has a fifty-two week low of $76.95 and a fifty-two week high of $129.85. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3,956.70, a price-to-earnings ratio of 20.04, a PEG ratio of 1.36 and a beta of 0.83.
Visteon Corporation (NYSE:VC) last posted its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The company had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. During the same period in the previous year, the firm posted $1.10 EPS. The firm’s revenue was down .6% compared to the same quarter last year. research analysts predict that Visteon Corporation will post 6.23 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. B. Riley restated a “buy” rating on shares of Visteon Corporation in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $143.00 price target on shares of Visteon Corporation in a research report on Tuesday, October 17th. Zacks Investment Research lowered shares of Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Royal Bank Of Canada restated a “hold” rating and set a $126.00 price target on shares of Visteon Corporation in a research report on Wednesday, October 18th. Finally, Citigroup Inc. boosted their price target on shares of Visteon Corporation from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target 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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