Neuburgh Advisers LLC lifted its holdings in Visteon Corp (NYSE:VC) by 52.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,984 shares of the auto parts company’s stock after purchasing an additional 1,376 shares during the period. Neuburgh Advisers LLC’s holdings in Visteon were worth $233,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. BNP Paribas Arbitrage SA increased its holdings in Visteon by 76.1% in the 1st 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 in the last quarter. Panagora Asset Management Inc. purchased a new position in shares of Visteon in the second quarter valued at $138,000. Dupont Capital Management Corp purchased a new position in shares of Visteon in the first quarter valued at $155,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Visteon by 21.9% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,651 shares of the auto parts company’s stock valued at $155,000 after purchasing an additional 476 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of Visteon by 66.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,500 shares of the auto parts company’s stock valued at $168,000 after purchasing an additional 1,000 shares in the last quarter.
A number of research analysts recently weighed in on VC shares. Zacks Investment Research raised shares of Visteon from a “strong sell” rating to a “hold” rating in a report on Thursday, August 29th. Longbow Research set a $85.00 target price on shares of Visteon and gave the company a “buy” rating in a report on Tuesday, June 11th. Deutsche Bank set a $64.00 target price on shares of Visteon and gave the company a “hold” rating in a report on Friday, July 26th. Morgan Stanley set a $43.00 target price on shares of Visteon and gave the company a “sell” rating in a report on Wednesday, June 26th. Finally, UBS Group lowered shares of Visteon from a “neutral” rating to a “sell” rating and cut their target price for the company from $66.00 to $61.00 in a report on Thursday. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $72.40.
VC traded down $1.36 during trading on Thursday, reaching $79.49. The company had a trading volume of 43,348 shares, compared to its average volume of 614,907. The business has a 50 day simple moving average of $66.62 and a 200-day simple moving average of $64.86. Visteon Corp has a 52 week low of $44.04 and a 52 week high of $108.42.
Visteon (NYSE:VC) last released its earnings results on Thursday, July 25th. The auto parts company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.07). The firm had revenue of $733.00 million during the quarter, compared to analyst estimates of $719.55 million. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 3.3% on a year-over-year basis.
In other Visteon news, Director Harry James Wilson bought 2,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost 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 $647,040. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.19% of the stock is currently owned by company insiders.
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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