State of Tennessee Treasury Department grew its stake in shares of Visteon Corp (NYSE:VC) by 4.4% during the 3rd quarter, Holdings Channel reports. The firm owned 24,408 shares of the auto parts company’s stock after buying an additional 1,024 shares during the period. State of Tennessee Treasury Department’s holdings in Visteon were worth $2,015,000 as of its most recent SEC filing.
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Several other large investors also recently bought and sold shares of the business. Dupont Capital Management Corp acquired a new position in shares of Visteon during the 3rd quarter worth approximately $223,000. Quadrant Capital Group LLC increased its holdings in shares of Visteon by 107.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,177 shares of the auto parts company’s stock worth $95,000 after acquiring an additional 609 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Visteon by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 88,672 shares of the auto parts company’s stock worth $7,319,000 after acquiring an additional 2,234 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Visteon during the 3rd quarter worth approximately $3,335,000. Finally, Essex Investment Management Co. LLC increased its holdings in shares of Visteon by 34.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 5,228 shares of the auto parts company’s stock worth $432,000 after acquiring an additional 1,336 shares during the last quarter.
A number of research analysts recently weighed in on the company. Citigroup set a $86.00 target price on Visteon and gave the stock a “hold” rating in a report on Friday, September 13th. Deutsche Bank set a $64.00 target price on Visteon and gave the stock a “hold” rating in a report on Friday, July 26th. UBS Group lowered Visteon from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $66.00 to $61.00 in a report on Thursday, September 12th. Barclays reissued an “equal weight” rating and set a $82.00 target price (up from $60.00) on shares of Visteon in a report on Friday, October 25th. Finally, Royal Bank of Canada set a $90.00 target price on Visteon and gave the stock a “hold” rating in a report on Friday, October 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Visteon presently has an average rating of “Hold” and a consensus price target of $76.15.
VC opened at $94.28 on Friday. The business has a fifty day simple moving average of $84.91 and a 200 day simple moving average of $66.71. Visteon Corp has a 1 year low of $44.04 and a 1 year high of $105.99.
Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $700.44 million. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share.
In related news, VP Brett D. Pynnonen sold 4,451 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $95.87, for a total value of $426,717.37. Following the completion of the sale, the vice president now directly owns 2,840 shares in the company, valued at approximately $272,270.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sunil K. Bilolikar sold 1,870 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $97.27, for a total value of $181,894.90. Following the completion of the sale, the senior vice president now owns 1,874 shares of the company’s stock, valued at $182,283.98. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.
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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