Visteon Corp (NYSE:VC) Director Harry James Wilson bought 2,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of $53.92 per share, for a total transaction of $107,840.00. Following the completion of the transaction, the director now owns 12,000 shares in the company, valued at approximately $647,040. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of VC stock opened at $56.19 on Thursday. Visteon Corp has a 12-month low of $44.04 and a 12-month high of $139.45. The company’s 50-day moving average price is $51.81.
Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.58). The company had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $713.99 million. During the same period in the prior year, the company earned $2.08 earnings per share. The firm’s revenue was down 9.5% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in the stock. Pearl River Capital LLC bought a new position in shares of Visteon in the fourth quarter worth about $36,000. BNP Paribas Arbitrage SA raised its stake in shares of Visteon by 76.1% in the first quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock worth $61,000 after acquiring an additional 391 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Visteon by 132.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock worth $119,000 after acquiring an additional 1,129 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Visteon in the fourth quarter worth about $153,000. Finally, Dupont Capital Management Corp bought a new position in shares of Visteon in the first quarter worth about $155,000.
Several analysts have recently weighed in on the stock. Morgan Stanley set a $43.00 target price on shares of Visteon and gave the company a “sell” rating in a research report on Wednesday. Longbow Research set a $85.00 target price on shares of Visteon and gave the company a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research lowered shares of Visteon from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 21st. TheStreet lowered shares of Visteon from a “b-” rating to a “c” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets decreased their target price on shares of Visteon to $83.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $94.25.
Visteon Company 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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