Apertura Capital LLC Acquires Shares of 50,000 Visteon Corporation (VC)
Apertura Capital LLC bought a new position in shares of Visteon Corporation (NYSE:VC) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,000 shares of the auto parts company’s stock, valued at approximately $6,189,000. Visteon Corporation makes up about 1.2% of Apertura Capital LLC’s investment portfolio, making the stock its 13th biggest position. Apertura Capital LLC owned 0.16% of Visteon Corporation at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its stake in Visteon Corporation by 2.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after purchasing an additional 30 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Visteon Corporation by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares in the last quarter. ETRADE Capital Management LLC grew its stake in Visteon Corporation by 5.2% during the 2nd quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 261 shares in the last quarter. Creative Planning grew its stake in Visteon Corporation by 19.2% during the 2nd quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock worth $221,000 after purchasing an additional 350 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its stake in Visteon Corporation by 1.4% during the 2nd quarter. Eagle Global Advisors LLC now owns 25,617 shares of the auto parts company’s stock worth $2,614,000 after purchasing an additional 362 shares in the last quarter.
A number of analysts have issued reports on VC shares. BidaskClub raised Visteon Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. They noted that the move was a valuation call. UBS AG downgraded Visteon Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $108.00 to $113.00 in a report on Monday, July 31st. Wells Fargo & Company raised Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price target for the company in a report on Monday, July 31st. Finally, BMO Capital Markets lifted their price target on Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $123.86.
Visteon Corporation (NYSE VC) traded up $0.85 during trading on Friday, hitting $128.04. The stock had a trading volume of 265,900 shares, compared to its average volume of 309,797. Visteon Corporation has a fifty-two week low of $76.95 and a fifty-two week high of $128.39. 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 stock has a market cap of $3,980.00, a P/E ratio of 20.03, a P/E/G ratio of 1.36 and a beta of 0.83.
Visteon Corporation (NYSE:VC) last posted its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. During the same period in the previous year, the business earned $1.10 EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. sell-side analysts forecast that Visteon Corporation will post 6.23 earnings per share for the current year.
In related news, VP Stephanie S. Marianos sold 512 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $119.74, for a total value of $61,306.88. Following the transaction, the vice president now owns 431 shares in the company, valued at approximately $51,607.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $126.05, for a total value of $315,125.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares in the company, valued at approximately $1,083,399.75. The disclosure for this sale can be found here. Insiders sold a total of 7,481 shares of company stock valued at $913,870 over the last three months. Company insiders own 0.19% of the company’s stock.
About Visteon Corporation
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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