Pembroke Management LTD lowered its position in shares of Visteon Corp (NYSE:VC) by 35.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,150 shares of the auto parts company’s stock after selling 63,250 shares during the period. Pembroke Management LTD owned approximately 0.36% of Visteon worth $14,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. increased its stake in shares of Visteon by 4.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 118,835 shares of the auto parts company’s stock worth $14,708,000 after acquiring an additional 4,675 shares during the period. Turner Investments LLC acquired a new position in Visteon during the third quarter worth about $248,000. Pacer Advisors Inc. purchased a new position in shares of Visteon during the third quarter valued at approximately $651,000. Blue Rock Advisors LLC lifted its stake in shares of Visteon by 123.0% during the third quarter. Blue Rock Advisors LLC now owns 13,093 shares of the auto parts company’s stock valued at $1,621,000 after buying an additional 7,223 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Visteon during the third quarter valued at approximately $293,000.
Visteon Corp (NYSE:VC) traded up $1.51 during trading on Thursday, hitting $128.20. 237,263 shares of the stock were exchanged, compared to its average volume of 304,775. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon Corp has a one year low of $79.54 and a one year high of $133.04. The company has a market cap of $3,950.00, a P/E ratio of 20.20, a P/E/G ratio of 1.37 and a beta of 0.85.
Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating 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 net margin of 4.83% and a return on equity of 29.13%. Visteon’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. equities analysts expect that Visteon Corp will post 6.23 EPS for the current year.
Several equities analysts recently issued reports on VC shares. Zacks Investment Research raised shares of Visteon from a “hold” rating to a “buy” rating and set a $141.00 price objective on the stock in a research note on Tuesday, October 31st. Citigroup upped their price target on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Barclays set a $107.00 price target on shares of Visteon and gave the stock a “hold” rating in a research report on Friday, October 20th. FBR & Co upped their price target on shares of Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets raised shares of Visteon from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Visteon presently has a consensus rating of “Buy” and a consensus price target of $123.86.
In other news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,125,429.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephanie S. Marianos sold 512 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now owns 431 shares of the company’s stock, valued at $51,607.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,622 shares of company stock worth $1,738,386. 0.19% of the stock is owned by corporate insiders.
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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.
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