QCM Cayman Ltd. Takes $276,000 Position in Visteon Corporation (VC)
QCM Cayman Ltd. acquired a new position in shares of Visteon Corporation (NYSE:VC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,700 shares of the auto parts company’s stock, valued at approximately $276,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Visteon Corporation by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock worth $111,000 after buying an additional 30 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Visteon Corporation by 5.2% during the second quarter. ETRADE Capital Management LLC now owns 5,261 shares of the auto parts company’s stock worth $537,000 after buying an additional 261 shares during the period. Creative Planning boosted its position in shares of Visteon Corporation by 19.2% during the second quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock worth $221,000 after buying an additional 350 shares during the period. Eagle Global Advisors LLC boosted its position in shares of Visteon Corporation by 1.4% during the second quarter. Eagle Global Advisors LLC now owns 25,617 shares of the auto parts company’s stock worth $2,614,000 after buying an additional 362 shares during the period. Finally, Swiss National Bank boosted its position in shares of Visteon Corporation by 0.7% during the first quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock worth $5,485,000 after buying an additional 400 shares during the period.
Several equities analysts have recently issued reports on VC shares. BMO Capital Markets boosted their price objective on Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. BidaskClub raised Visteon Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Morgan Stanley dropped their target price on Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. J P Morgan Chase & Co reissued an “overweight” rating and set a $110.00 target price on shares of Visteon Corporation in a report on Wednesday, June 21st. Finally, Barclays PLC reissued an “equal weight” rating and set a $98.00 target price (up previously from $97.00) on shares of Visteon Corporation in a report on Wednesday, August 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $115.23.
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In other Visteon Corporation news, insider Robert R. Vallance sold 1,106 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $121.12, for a total value of $133,958.72. Following the transaction, the insider now directly owns 4,086 shares of the company’s stock, valued at $494,896.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the transaction, the insider now directly owns 693 shares in the company, valued at $79,133.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,371 shares of company stock worth $616,016. Insiders own 0.19% of the company’s stock.
Visteon Corporation (NYSE VC) traded up 0.07% on Friday, hitting $123.77. The company’s stock had a trading volume of 175,932 shares. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $125.48. The company has a 50 day moving average price of $114.64 and a 200-day moving average price of $103.69. The company has a market capitalization of $3.86 billion, a P/E ratio of 29.92 and a beta of 0.81.
Visteon Corporation (NYSE:VC) last released its quarterly earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $770.96 million. During the same period in the prior year, the firm earned $1.22 earnings per share. Visteon Corporation’s revenue was up .1% compared to the same quarter last year. On average, equities analysts forecast that Visteon Corporation will post $6.11 earnings per share for the current fiscal year.
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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