Hsbc Holdings PLC trimmed its stake in shares of Visteon Corp (NYSE:VC) by 74.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,784 shares of the auto parts company’s stock after selling 19,369 shares during the quarter. Hsbc Holdings PLC’s holdings in Visteon were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Visteon by 2.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 121,793 shares of the auto parts company’s stock worth $15,242,000 after acquiring an additional 2,331 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Visteon by 126.3% in the 4th quarter. Gotham Asset Management LLC now owns 107,858 shares of the auto parts company’s stock worth $13,497,000 after acquiring an additional 60,201 shares in the last quarter. J. Goldman & Co LP acquired a new position in shares of Visteon in the 4th quarter worth approximately $9,113,000. Virtu Financial LLC acquired a new position in shares of Visteon in the 4th quarter worth approximately $301,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Visteon by 51.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 216,900 shares of the auto parts company’s stock worth $27,143,000 after acquiring an additional 73,880 shares in the last quarter.
Several brokerages have recently commented on VC. Zacks Investment Research downgraded Visteon from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. BMO Capital Markets set a $160.00 target price on Visteon and gave the stock a “buy” rating in a report on Friday, February 23rd. Gabelli raised Visteon from a “hold” rating to a “buy” rating and set a $158.00 target price on the stock in a report on Monday, February 26th. Guggenheim set a $145.00 target price on Visteon and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Citigroup reduced their target price on Visteon from $128.00 to $126.00 and set a “neutral” rating on the stock in a report on Tuesday, May 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $140.33.
In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the completion of the sale, the chief executive officer now owns 32,527 shares in the company, valued at approximately $4,065,875. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.
Visteon opened at $131.14 on Friday, MarketBeat reports. Visteon Corp has a 52-week low of $91.20 and a 52-week high of $140.64. 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 (NYSE:VC) last posted its quarterly earnings data on Thursday, April 26th. The auto parts company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.29. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $832.35 million. During the same quarter in the prior year, the business earned $1.73 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. equities research analysts expect that Visteon Corp will post 6.23 earnings per share for the current fiscal year.
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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