Janus Henderson Group PLC acquired a new stake in shares of Visteon Corporation (NYSE:VC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 770,247 shares of the auto parts company’s stock, valued at approximately $78,611,000. Janus Henderson Group PLC owned approximately 2.47% of Visteon Corporation at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Williams Jones & Associates LLC lifted its stake in Visteon Corporation by 12.1% in the 2nd quarter. Williams Jones & Associates LLC now owns 15,973 shares of the auto parts company’s stock valued at $1,630,000 after acquiring an additional 1,730 shares in the last quarter. QCM Cayman Ltd. bought a new stake in Visteon Corporation in the 2nd quarter valued at approximately $276,000. PDT Partners LLC lifted its stake in Visteon Corporation by 21.2% in the 2nd quarter. PDT Partners LLC now owns 165,200 shares of the auto parts company’s stock valued at $16,860,000 after acquiring an additional 28,848 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in Visteon Corporation by 713.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 72,406 shares of the auto parts company’s stock valued at $7,390,000 after acquiring an additional 63,509 shares in the last quarter. Finally, HighVista Strategies LLC bought a new stake in Visteon Corporation in the 2nd quarter valued at approximately $490,000.
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Several equities research analysts have commented on VC shares. BidaskClub upgraded Visteon Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research note on Wednesday, September 27th. Gabelli cut 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 boosted their target price on Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Finally, Barclays PLC restated an “equal weight” rating and issued a $98.00 target price (up previously from $97.00) on shares of Visteon Corporation in a research note on Wednesday, August 2nd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Visteon Corporation presently has an average rating of “Buy” and an average target price of $115.62.
Visteon Corporation (VC) opened at 123.61 on Thursday. Visteon Corporation has a 52-week low of $64.95 and a 52-week high of $128.39. The firm’s 50 day moving average price is $120.07 and its 200 day moving average price is $106.92. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 29.88 and a beta of 0.85.
Visteon Corporation (NYSE:VC) last posted its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The company had revenue of $774.00 million during the quarter, compared to analyst estimates of $770.96 million. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $1.22 earnings per share. Equities research analysts anticipate that Visteon Corporation will post $6.11 EPS for the current fiscal year.
In related news, insider Matthew M. Cole sold 1,359 shares of Visteon Corporation stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the sale, the insider now owns 693 shares of the company’s stock, valued at $79,133.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total value of $265,566.42. Following the sale, the insider now directly owns 300 shares of the company’s stock, valued at approximately $33,279. The disclosure for this sale can be found here. Insiders have sold 5,371 shares of company stock valued at $616,016 in the last three months. 0.19% of the stock is owned by corporate 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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