Riverhead Capital Management LLC lowered its holdings in shares of Visteon Corp (NYSE:VC) by 14.3% in the first quarter, Holdings Channel reports. The fund owned 7,800 shares of the auto parts company’s stock after selling 1,300 shares during the quarter. Riverhead Capital Management LLC’s holdings in Visteon were worth $860,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in VC. Carillon Tower Advisers Inc. acquired a new position in Visteon during the fourth quarter worth about $60,689,000. Victory Capital Management Inc. grew its holdings in shares of Visteon by 136.3% during the fourth quarter. Victory Capital Management Inc. now owns 417,742 shares of the auto parts company’s stock worth $52,276,000 after buying an additional 240,980 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Visteon during the fourth quarter worth about $30,134,000. Old Mutual Global Investors UK Ltd. grew its holdings in shares of Visteon by 83.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 314,541 shares of the auto parts company’s stock worth $39,361,000 after buying an additional 142,930 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Visteon by 337.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 127,249 shares of the auto parts company’s stock worth $15,924,000 after buying an additional 98,174 shares in the last quarter.
A number of equities research analysts have recently commented on VC shares. Morgan Stanley lifted their price target on shares of Visteon from $112.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. BMO Capital Markets set a $160.00 price target on shares of Visteon and gave the stock a “buy” rating in a report on Friday, February 23rd. Guggenheim set a $145.00 price target on shares of Visteon and gave the stock a “buy” rating in a report on Friday, February 23rd. Gabelli upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $158.00 price target for the company in a report on Monday, February 26th. Finally, Zacks Investment Research downgraded shares of Visteon from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Visteon currently has an average rating of “Buy” and a consensus price target of $140.33.
Visteon opened at $132.30 on Wednesday, Marketbeat reports. Visteon Corp has a 1 year low of $91.20 and a 1 year high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
Visteon (NYSE:VC) last released its earnings results on Thursday, April 26th. The auto parts company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.29. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $832.35 million. During the same period in the previous year, the firm earned $1.73 earnings per share. Visteon’s revenue was up .5% compared to the same quarter last year. research analysts anticipate that Visteon Corp will post 6.23 EPS for the current year.
In related news, CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now directly owns 32,527 shares in the company, valued at $4,065,875. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.
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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