Quantamental Technologies LLC bought a new position in shares of Visteon Corp (NYSE:VC) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,929 shares of the auto parts company’s stock, valued at approximately $467,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Iridian Asset Management LLC CT increased its position in shares of Visteon by 4.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,365,431 shares of the auto parts company’s stock worth $142,588,000 after acquiring an additional 94,781 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Visteon by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock worth $48,790,000 after acquiring an additional 36,129 shares in the last quarter. Forsta AP Fonden increased its position in shares of Visteon by 67.2% during the fourth quarter. Forsta AP Fonden now owns 378,300 shares of the auto parts company’s stock worth $22,804,000 after acquiring an additional 152,000 shares in the last quarter. Norges Bank bought a new stake in shares of Visteon during the fourth quarter worth about $22,797,000. Finally, New York State Common Retirement Fund increased its position in shares of Visteon by 3.4% during the fourth quarter. New York State Common Retirement Fund now owns 307,289 shares of the auto parts company’s stock worth $18,523,000 after acquiring an additional 9,984 shares in the last quarter.
A number of brokerages have issued reports on VC. BMO Capital Markets upped their price objective on shares of Visteon from $91.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Longbow Research set a $110.00 price objective on shares of Visteon and gave the stock a “buy” rating in a research report on Friday, February 22nd. Morgan Stanley set a $73.00 price objective on shares of Visteon and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $87.00 to $108.00 in a research report on Tuesday, April 23rd. Finally, TheStreet raised shares of Visteon from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $96.06.
Shares of Visteon stock traded down $2.33 on Wednesday, hitting $46.54. 739,641 shares of the company traded hands, compared to its average volume of 634,633. Visteon Corp has a 12-month low of $46.20 and a 12-month high of $139.45.
Visteon (NYSE:VC) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.58). The firm had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $713.99 million. During the same quarter in the prior year, the business posted $2.08 EPS. The business’s quarterly revenue was down 9.5% on a year-over-year basis.
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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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