Standard Life Investments LTD decreased its position in Visteon Corp. (NYSE:VC) by 17.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,279,858 shares of the company’s stock after selling 466,538 shares during the period. Standard Life Investments LTD owned 0.07% of Visteon Corp. worth $150,026,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Picton Mahoney Asset Management increased its stake in shares of Visteon Corp. by 62.5% in the first quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock worth $103,000 after buying an additional 500 shares in the last quarter. M&T Bank Corp increased its stake in shares of Visteon Corp. by 8.1% in the first quarter. M&T Bank Corp now owns 2,946 shares of the company’s stock worth $234,000 after buying an additional 222 shares in the last quarter. BlackRock Japan Co. Ltd bought a new stake in shares of Visteon Corp. during the first quarter worth about $277,000. Seven Eight Capital LLC increased its stake in shares of Visteon Corp. by 126.9% in the first quarter. Seven Eight Capital LLC now owns 5,186 shares of the company’s stock worth $413,000 after buying an additional 2,900 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Visteon Corp. by 46.4% in the first quarter. Meeder Asset Management Inc. now owns 7,044 shares of the company’s stock worth $560,000 after buying an additional 2,232 shares in the last quarter.
Shares of Visteon Corp. (NYSE:VC) traded down 1.41% on Tuesday, hitting $70.44. The stock had a trading volume of 465,184 shares. The firm has a 50-day moving average of $71.38 and a 200 day moving average of $72.77. The company has a market capitalization of $2.40 billion, a PE ratio of 38.24 and a beta of 1.29. Visteon Corp. has a 1-year low of $58.83 and a 1-year high of $121.65.
Visteon Corp. (NYSE:VC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.55. The company had revenue of $773 million for the quarter, compared to analysts’ expectations of $821.07 million. Visteon Corp. had a net margin of 2.22% and a return on equity of 11.55%. Visteon Corp.’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, equities analysts anticipate that Visteon Corp. will post $4.45 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on VC shares. Robert W. Baird reissued a “buy” rating on shares of Visteon Corp. in a research report on Tuesday, June 28th. Zacks Investment Research raised Visteon Corp. from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “buy” rating and set a $85.00 price target on shares of Visteon Corp. in a research report on Friday, July 29th. FBR & Co reissued a “buy” rating and set a $90.00 price target on shares of Visteon Corp. in a research report on Sunday, June 19th. Finally, Deutsche Bank AG assumed coverage on Visteon Corp. in a research report on Wednesday, July 20th. They set a “hold” rating and a $80.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.21.
Visteon Corp. Company Profile
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.
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.