Chicago Equity Partners LLC Has $3.79 Million Position in Visteon Corporation (VC)
Chicago Equity Partners LLC boosted its position in shares of Visteon Corporation (NYSE:VC) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,620 shares of the auto parts company’s stock after buying an additional 3,305 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.10% of Visteon Corporation worth $3,790,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew 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 purchasing an additional 962 shares during the period. The Manufacturers Life Insurance Company grew 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 purchasing an additional 61 shares during the period. Quantbot Technologies LP grew its position in shares of Visteon Corporation by 2.8% in the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 30 shares during the period. BNP Paribas Arbitrage SA grew 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 purchasing an additional 526 shares during the period. Finally, Riverhead Capital Management LLC acquired a new stake in shares of Visteon Corporation in the second quarter valued at about $153,000.
Visteon Corporation (VC) opened at $125.60 on Friday. 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 cap of $3,922.81, a PE ratio of 19.86, a PEG ratio of 1.35 and a beta of 0.83. Visteon Corporation has a 52 week low of $67.50 and a 52 week high of $128.39.
Visteon Corporation (NYSE:VC) last issued its earnings results on Thursday, October 26th. The auto parts company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The company had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. During the same period in the previous year, the firm earned $1.10 earnings per share. Visteon Corporation’s quarterly revenue was down .6% compared to the same quarter last year. research analysts anticipate that Visteon Corporation will post 6.23 EPS for the current year.
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Several brokerages have recently issued reports on VC. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Visteon Corporation in a research report on Tuesday, October 3rd. FBR & Co lifted their target price on shares of Visteon Corporation from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Barclays PLC lifted their target price on shares of Visteon Corporation from $107.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Citigroup Inc. lifted their target price on shares of Visteon Corporation from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, B. Riley reiterated a “buy” rating on shares of Visteon Corporation in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Visteon Corporation currently has a consensus rating of “Buy” and an average price target of $123.86.
In other Visteon Corporation news, insider Matthew M. Cole sold 1,359 shares of Visteon Corporation stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total transaction of $155,184.21. Following the transaction, the insider now directly owns 693 shares of the company’s stock, valued at $79,133.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sachin Lawande sold 2,500 shares of Visteon Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00. Following the transaction, the chief executive officer now directly owns 8,595 shares in the company, valued at $1,083,399.75. The disclosure for this sale can be found here. Insiders have sold 7,481 shares of company stock worth $913,870 over the last ninety days. 0.19% of the stock is owned by insiders.
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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