OxFORD Asset Management LLP Purchases 11,733 Shares of Visteon Corp (VC)

OxFORD Asset Management LLP raised its stake in shares of Visteon Corp (NYSE:VC) by 54.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,480 shares of the auto parts company’s stock after buying an additional 11,733 shares during the period. OxFORD Asset Management LLP owned 0.11% of Visteon worth $4,141,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Standard Life Investments LTD raised its holdings in Visteon by 6.6% during the second quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock valued at $206,278,000 after buying an additional 124,361 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Visteon by 34.8% during the third quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock valued at $223,294,000 after buying an additional 465,508 shares in the last quarter. Janus Henderson Group PLC bought a new position in Visteon during the second quarter valued at about $78,611,000. First Eagle Investment Management LLC raised its holdings in Visteon by 11.3% during the second quarter. First Eagle Investment Management LLC now owns 683,115 shares of the auto parts company’s stock valued at $69,719,000 after buying an additional 69,160 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Visteon by 3.2% during the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock valued at $85,074,000 after buying an additional 20,570 shares in the last quarter.

Visteon Corp (VC) traded down $1.58 during mid-day trading on Thursday, reaching $126.69. The company had a trading volume of 249,900 shares, compared to its average volume of 305,062. Visteon Corp has a fifty-two week low of $79.54 and a fifty-two week high of $133.04. The firm has a market capitalization of $3,950.00, a P/E ratio of 20.20, a PEG ratio of 1.37 and a beta of 0.85. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47.

Visteon (NYSE:VC) last released its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.17. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. research analysts predict that Visteon Corp will post 6.23 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and set a $143.00 target price on shares of Visteon in a report on Tuesday, October 17th. Zacks Investment Research lowered Visteon from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank Of Canada restated a “hold” rating and set a $126.00 target price on shares of Visteon in a report on Wednesday, October 18th. Finally, Citigroup raised their target price on Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Visteon presently has a consensus rating of “Buy” and an average target price of $123.86.

In other Visteon news, VP Stephanie S. Marianos sold 512 shares of Visteon stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $119.74, for a total transaction of $61,306.88. Following the sale, the vice president now directly owns 431 shares of the company’s stock, valued at $51,607.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the sale, the chief executive officer now directly owns 8,595 shares in the company, valued at $1,125,429.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,622 shares of company stock worth $1,738,386. 0.19% of the stock is owned by company insiders.

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About Visteon

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.

Institutional Ownership by Quarter for Visteon (NYSE:VC)

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