J. Goldman & Co LP acquired a new position in shares of Visteon Corp (NYSE:VC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,822 shares of the auto parts company’s stock, valued at approximately $9,113,000. J. Goldman & Co LP owned approximately 0.23% of Visteon at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Visteon by 6.2% during the second 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. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Visteon by 42.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 526 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Visteon by 32.3% during the third quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 433 shares during the last quarter. Turner Investments LLC bought a new stake in shares of Visteon during the third quarter worth $248,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Visteon by 644.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,294 shares of the auto parts company’s stock worth $287,000 after purchasing an additional 1,986 shares during the last quarter.
Several brokerages have recently commented on VC. JPMorgan Chase & Co. cut Visteon from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $142.00 to $137.00 in a report on Monday, January 22nd. BMO Capital Markets set a $160.00 price target on Visteon and gave the company a “buy” rating in a report on Friday, February 23rd. Zacks Investment Research upgraded Visteon from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, December 27th. Longbow Research started coverage on Visteon in a report on Friday, January 5th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, B. Riley raised their price target on Visteon from $140.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $138.06.
VC stock opened at $118.77 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. Visteon Corp has a 1-year low of $91.20 and a 1-year high of $140.64. The stock has a market capitalization of $3,770.00, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88.
Visteon (NYSE:VC) last issued its earnings results on Thursday, February 22nd. The auto parts company reported $1.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.09). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $797.55 million. During the same quarter last year, the business posted $1.55 EPS. Visteon’s quarterly revenue was down 2.3% on a year-over-year basis. sell-side analysts expect that Visteon Corp will post 6.23 EPS for the current year.
Visteon announced that its board has approved a share buyback program on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $130.00, for a total transaction of $325,000.00. Following the sale, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,117,350. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 11,539 shares of company stock worth $1,474,051. 0.19% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY WARNING: This news story was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/21/j-goldman-co-lp-acquires-new-position-in-visteon-corp-vc.html.
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.
Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Corp (NYSE:VC).
Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.