Quantbot Technologies LP boosted its stake in shares of Visteon Corporation (NYSE:VC) by 426.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,736 shares of the auto parts company’s stock after acquiring an additional 4,647 shares during the quarter. Quantbot Technologies LP’s holdings in Visteon Corporation were worth $709,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC increased its position in shares of Visteon Corporation by 2,531.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after buying an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Visteon Corporation by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after buying an additional 61 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Visteon Corporation by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after buying an additional 526 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in shares of Visteon Corporation in the second quarter valued at approximately $153,000. Finally, KCG Holdings Inc. purchased a new stake in shares of Visteon Corporation in the first quarter valued at approximately $209,000.
Shares of Visteon Corporation (VC) traded down $0.61 during trading hours on Friday, hitting $130.64. The stock had a trading volume of 142,600 shares, compared to its average volume of 308,588. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The firm has a market capitalization of $4,050.00, a price-to-earnings ratio of 20.57, a PEG ratio of 1.40 and a beta of 0.83. Visteon Corporation has a 12-month low of $76.95 and a 12-month high of $132.59.
Visteon Corporation (NYSE:VC) last issued its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million for the quarter, compared to analyst estimates of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.10 earnings per share. analysts forecast that Visteon Corporation will post 6.23 earnings per share for the current year.
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In other Visteon Corporation news, 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 transaction, the vice president now owns 431 shares of the company’s stock, valued at $51,607.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert R. Vallance sold 1,106 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total value of $133,958.72. Following the transaction, the insider now directly owns 4,086 shares in the company, valued at approximately $494,896.32. The disclosure for this sale can be found here. Insiders sold 8,622 shares of company stock worth $1,083,686 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.
VC has been the subject of a number of recent analyst reports. BidaskClub cut Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research report on Wednesday, October 18th. Robert W. Baird restated a “buy” rating and issued a $143.00 price objective on shares of Visteon Corporation in a research report on Tuesday, October 17th. FBR & Co boosted their price objective on Visteon Corporation from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley restated a “buy” rating on shares of Visteon Corporation in a research report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Visteon Corporation presently has a consensus 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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