Neuberger Berman Group LLC acquired a new stake in Visteon Corporation (NYSE:VC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 49,200 shares of the auto parts company’s stock, valued at approximately $5,021,000. Neuberger Berman Group LLC owned approximately 0.16% of Visteon Corporation as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Visteon Corporation by 64.6% in the 2nd 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. Fox Run Management L.L.C. acquired a new position in shares of Visteon Corporation in the 2nd quarter valued at $204,000. World Asset Management Inc acquired a new position in shares of Visteon Corporation in the 1st quarter valued at $201,000. KCG Holdings Inc. acquired a new position in shares of Visteon Corporation in the 1st quarter valued at $209,000. Finally, Creative Planning raised its stake in shares of Visteon Corporation by 19.2% in the 2nd quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock valued at $221,000 after buying an additional 350 shares in the last quarter.
A number of equities analysts have recently issued reports on the stock. BidaskClub cut shares of Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Gabelli cut shares of Visteon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets increased their price objective on shares of Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Wells Fargo & Company upgraded shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price objective for the company in a research note on Monday, July 31st. Finally, UBS AG cut shares of Visteon Corporation from a “buy” rating to a “neutral” rating and increased their price objective for the company from $108.00 to $113.00 in a research note on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.00.
In other Visteon Corporation news, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following the transaction, the insider now owns 300 shares in the company, valued at $33,279. The transaction was disclosed in a document filed 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 dated 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 in the company, valued at approximately $79,133.67. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.
Shares of Visteon Corporation (NYSE:VC) opened at 119.36 on Wednesday. The firm’s 50-day moving average is $112.99 and its 200-day moving average is $102.57. Visteon Corporation has a one year low of $64.95 and a one year high of $119.37. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 28.85 and a beta of 0.81.
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, beating 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%. Visteon Corporation’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Analysts expect that Visteon Corporation will post $6.11 EPS for the current fiscal year.
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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