Visteon Corporation (VC) Shares Sold by Utah Retirement Systems
Utah Retirement Systems cut its position in Visteon Corporation (NYSE:VC) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,906 shares of the auto parts company’s stock after selling 400 shares during the quarter. Utah Retirement Systems’ holdings in Visteon Corporation were worth $603,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EAM Investors LLC boosted its position in shares of Visteon Corporation by 6.5% in the 1st quarter. EAM Investors LLC now owns 37,850 shares of the auto parts company’s stock valued at $3,707,000 after purchasing an additional 2,308 shares during the period. James Investment Research Inc. boosted its position in shares of Visteon Corporation by 817.2% in the 2nd quarter. James Investment Research Inc. now owns 14,675 shares of the auto parts company’s stock valued at $1,498,000 after purchasing an additional 13,075 shares during the period. Swiss National Bank boosted its position in shares of Visteon Corporation by 0.7% in the 1st quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock valued at $5,485,000 after purchasing an additional 400 shares during the period. Mckinley Capital Management LLC Delaware boosted its position in shares of Visteon Corporation by 25.8% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 187,133 shares of the auto parts company’s stock valued at $18,330,000 after purchasing an additional 38,357 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of Visteon Corporation by 100.7% in the 1st quarter. Systematic Financial Management LP now owns 764,142 shares of the auto parts company’s stock valued at $74,848,000 after purchasing an additional 383,398 shares during the period.
In other Visteon Corporation news, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the completion of the transaction, the insider now directly owns 300 shares in the company, valued at $33,279. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew M. Cole sold 1,359 shares of Visteon Corporation stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total value of $155,184.21. Following the completion of the transaction, the insider now owns 693 shares of the company’s stock, valued at $79,133.67. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by company insiders.
Shares of Visteon Corporation (NYSE:VC) opened at 119.02 on Thursday. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $119.46. The stock has a market capitalization of $3.71 billion, a P/E ratio of 28.77 and a beta of 0.81. The firm’s 50-day moving average price is $113.31 and its 200 day moving average price is $102.76.
Visteon Corporation (NYSE:VC) last posted its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. Analysts expect that Visteon Corporation will post $6.11 EPS for the current fiscal year.
A number of analysts recently issued reports on VC shares. UBS AG cut Visteon Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $108.00 to $113.00 in a research report on Monday, July 31st. BidaskClub cut Visteon Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Morgan Stanley decreased their target price on Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. BMO Capital Markets raised Visteon Corporation from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $96.00 to $85.00 in a research report on Monday, June 26th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $110.00 target price on shares of Visteon Corporation in a research report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $113.00.
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Visteon Corporation 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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