Redwood Investments LLC boosted its position in Visteon Corp. (NYSE:VC) by 18.8% during the second quarter, Holdings Channel reports. The firm owned 51,172 shares of the company’s stock after buying an additional 8,099 shares during the period. Redwood Investments LLC’s holdings in Visteon Corp. were worth $3,368,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. A.R. Schmeidler & Co. Inc. increased its stake in Visteon Corp. by 16.8% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 81,563 shares of the company’s stock valued at $6,492,000 after buying an additional 11,755 shares during the last quarter. M&T Bank Corp increased its stake in Visteon Corp. by 8.1% in the first quarter. M&T Bank Corp now owns 2,946 shares of the company’s stock valued at $234,000 after buying an additional 222 shares during the last quarter. Menta Capital LLC bought a new stake in Visteon Corp. during the first quarter valued at approximately $812,000. BlackRock Japan Co. Ltd bought a new stake in Visteon Corp. during the first quarter valued at approximately $277,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Visteon Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,010,888 shares of the company’s stock valued at $80,457,000 after buying an additional 17,047 shares during the last quarter.
Visteon Corp. (NYSE:VC) traded up 0.99% on Wednesday, reaching $71.14. The company’s stock had a trading volume of 619,244 shares. Visteon Corp. has a 12 month low of $58.83 and a 12 month high of $121.65. The firm has a 50 day moving average of $71.36 and a 200 day moving average of $72.71. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 38.62 and a beta of 1.29.
Visteon Corp. (NYSE:VC) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.55. Visteon Corp. had a return on equity of 11.55% and a net margin of 2.22%. The company had revenue of $773 million for the quarter, compared to analyst estimates of $821.07 million. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that Visteon Corp. will post $4.45 earnings per share for the current year.
Several research firms have recently commented on VC. Zacks Investment Research downgraded Visteon Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Wells Fargo & Co. reissued a “hold” rating and issued a $72.50 price objective on shares of Visteon Corp. in a report on Monday, July 18th. Robert W. Baird reissued a “buy” rating on shares of Visteon Corp. in a report on Tuesday, June 28th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $85.00 price objective on shares of Visteon Corp. in a report on Friday, July 29th. Finally, FBR & Co reissued a “buy” rating and issued a $90.00 price objective on shares of Visteon Corp. in a report on Sunday, June 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $88.21.
About Visteon Corp.
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.
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