Moody Aldrich Partners LLC Has $1.25 Million Holdings in Visteon Corp (VC)
Moody Aldrich Partners LLC raised its position in Visteon Corp (NYSE:VC) by 12.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,070 shares of the auto parts company’s stock after purchasing an additional 1,140 shares during the period. Moody Aldrich Partners LLC’s holdings in Visteon were worth $1,246,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in VC. Janus Henderson Group PLC bought a new stake in shares of Visteon during the 2nd quarter worth $78,611,000. Bank of New York Mellon Corp lifted its holdings in shares of Visteon by 34.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock worth $223,294,000 after acquiring an additional 465,508 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Visteon by 36.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 650,732 shares of the auto parts company’s stock worth $66,413,000 after acquiring an additional 173,822 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Visteon by 182.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 252,028 shares of the auto parts company’s stock worth $25,721,000 after acquiring an additional 162,689 shares during the last quarter. Finally, Standard Life Investments LTD lifted its holdings in shares of Visteon by 6.6% during the 2nd quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock worth $206,278,000 after acquiring an additional 124,361 shares during the last quarter.
In related news, CEO Sachin Lawande sold 2,004 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $123.90, for a total transaction of $248,295.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stephanie S. Marianos sold 512 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were 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 in the company, valued at approximately $51,607.94. The disclosure for this sale can be found here. Insiders sold 8,622 shares of company stock worth $1,083,686 in the last 90 days. Corporate insiders own 0.19% of the company’s stock.
Visteon Corp (VC) traded up $2.32 during mid-day trading on Wednesday, hitting $132.42. 171,100 shares of the company’s stock were exchanged, compared to its average volume of 306,369. Visteon Corp has a 12-month low of $76.95 and a 12-month high of $132.82. The stock has a market capitalization of $4,056.84, a PE ratio of 20.54, a price-to-earnings-growth ratio of 1.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. Visteon had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $765.00 million for the quarter, compared to analysts’ expectations of $761.95 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. research analysts expect that Visteon Corp will post 6.23 EPS for the current fiscal year.
A number of equities analysts recently commented on VC shares. Zacks Investment Research upgraded shares of Visteon from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Tuesday, October 31st. Citigroup lifted their target price on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Barclays set a $107.00 target price on shares of Visteon and gave the stock a “hold” rating in a research report on Friday, October 20th. BMO Capital Markets upgraded shares of Visteon from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Finally, FBR & Co lifted their target price on shares of Visteon from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.86.
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.
Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Corp (NYSE:VC).
Receive News & Ratings for Visteon Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon Corp and related companies with MarketBeat.com's FREE daily email newsletter.