Schroder Investment Management Group Lowers Stake in Visteon Corporation (VC)

Schroder Investment Management Group lowered its holdings in Visteon Corporation (NYSE:VC) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,017 shares of the auto parts company’s stock after selling 519 shares during the period. Schroder Investment Management Group owned approximately 0.10% of Visteon Corporation worth $3,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of Visteon Corporation by 64.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after purchasing an additional 526 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Visteon Corporation in the second quarter valued at approximately $204,000. World Asset Management Inc bought a new stake in shares of Visteon Corporation in the first quarter valued at approximately $201,000. KCG Holdings Inc. bought a new stake in shares of Visteon Corporation in the first quarter valued at approximately $209,000. Finally, Creative Planning raised its position in shares of Visteon Corporation by 19.2% in the second quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock valued at $221,000 after purchasing an additional 350 shares during the period.

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In other Visteon Corporation news, VP Stephanie S. Marianos sold 512 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $119.74, for a total transaction of $61,306.88. Following the sale, the vice president now owns 431 shares in the company, valued at approximately $51,607.94. The transaction was disclosed in a document filed 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 stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the sale, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,265 shares of company stock worth $482,058. 0.19% of the stock is owned by company insiders.

VC has been the subject of several recent analyst reports. UBS AG cut shares of Visteon Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $108.00 to $113.00 in a research note on Monday, July 31st. BidaskClub cut shares of Visteon Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Morgan Stanley reduced their price objective on shares of Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. BMO Capital Markets raised shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $96.00 to $85.00 in a research note on Monday, June 26th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $110.00 price objective on shares of Visteon Corporation in a research note on Wednesday, June 21st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $113.00.

Visteon Corporation (NYSE:VC) opened at 122.04 on Thursday. Visteon Corporation has a 1-year low of $64.95 and a 1-year high of $122.62. The firm has a 50-day moving average of $114.64 and a 200-day moving average of $103.69. The stock has a market cap of $3.80 billion, a PE ratio of 29.50 and a beta of 0.81.

Visteon Corporation (NYSE:VC) last released its earnings results on Thursday, July 27th. The auto parts company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $770.96 million. During the same quarter last year, the business earned $1.22 EPS. The firm’s revenue was up .1% compared to the same quarter last year. Analysts expect that Visteon Corporation will post $6.11 EPS 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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Institutional Ownership by Quarter for Visteon Corporation (NYSE:VC)

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