Swiss National Bank Has $6.57 Million Position in Visteon Corporation (VC)

Swiss National Bank decreased its stake in shares of Visteon Corporation (NYSE:VC) by 2.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,100 shares of the auto parts company’s stock after selling 1,600 shares during the quarter. Swiss National Bank owned about 170,739.55% of Visteon Corporation worth $6,572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VC. Tower Research Capital LLC TRC raised its position in Visteon Corporation by 2,531.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 962 shares during the period. The Manufacturers Life Insurance Company raised its position in Visteon Corporation by 6.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after purchasing an additional 61 shares during the period. Quantbot Technologies LP raised its position in Visteon Corporation by 2.8% in the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after purchasing an additional 30 shares during the period. BNP Paribas Arbitrage SA raised its position in 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. Finally, Riverhead Capital Management LLC purchased a new stake in Visteon Corporation in the second quarter valued at $153,000.

Visteon Corporation (NYSE:VC) opened at $131.25 on Wednesday. The stock has a market capitalization of $4,081.72, a PE ratio of 20.67, a PEG ratio of 1.41 and a beta of 0.83. Visteon Corporation has a 1 year low of $76.95 and a 1 year high of $132.59. 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 Corporation (NYSE:VC) last announced its earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.17. The firm had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon Corporation had a return on equity of 29.13% and a net margin of 4.83%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. equities research analysts predict that Visteon Corporation will post 6.23 earnings per share for the current year.

In other Visteon Corporation news, CEO Sachin Lawande sold 2,004 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $123.90, for a total transaction of $248,295.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Stephanie S. Marianos sold 512 shares of the company’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 value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 6,122 shares of company stock valued at $758,686. Insiders own 0.19% of the company’s stock.

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VC has been the topic of a number of research analyst reports. Barclays PLC set a $107.00 target price on Visteon Corporation and gave the company a “hold” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Wednesday, September 27th. Gabelli downgraded Visteon Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. They noted that the move was a valuation call. UBS AG boosted their price objective on Visteon Corporation from $113.00 to $125.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Finally, FBR & Co boosted their price objective on Visteon Corporation from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 27th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.86.

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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