California Public Employees Retirement System raised its holdings in Visteon Corp (NYSE:VC) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,339 shares of the auto parts company’s stock after acquiring an additional 3,659 shares during the quarter. California Public Employees Retirement System owned about 0.31% of Visteon worth $5,446,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of Visteon by 5.8% in the third quarter. Wells Fargo & Company MN now owns 137,250 shares of the auto parts company’s stock worth $12,751,000 after buying an additional 7,569 shares during the last quarter. Janus Henderson Group PLC increased its position in Visteon by 18.2% during the third quarter. Janus Henderson Group PLC now owns 2,209,500 shares of the auto parts company’s stock worth $205,263,000 after acquiring an additional 340,608 shares during the period. Becker Capital Management Inc. bought a new position in Visteon during the fourth quarter worth $6,378,000. Standard Life Aberdeen plc increased its position in Visteon by 42.7% during the third quarter. Standard Life Aberdeen plc now owns 252,099 shares of the auto parts company’s stock worth $23,422,000 after acquiring an additional 75,387 shares during the period. Finally, Private Capital Management LLC increased its position in Visteon by 1.7% during the third quarter. Private Capital Management LLC now owns 304,727 shares of the auto parts company’s stock worth $28,309,000 after acquiring an additional 5,002 shares during the period.
Shares of Visteon stock opened at $73.96 on Friday. Visteon Corp has a 52-week low of $56.59 and a 52-week high of $139.45.
A number of equities analysts recently issued reports on the stock. Deutsche Bank initiated coverage on shares of Visteon in a research report on Thursday, December 13th. They set a “hold” rating on the stock. Barclays set a $59.00 price target on shares of Visteon and gave the company a “hold” rating in a report on Friday, January 4th. Jefferies Financial Group initiated coverage on shares of Visteon in a report on Tuesday, December 4th. They issued an “underperform” rating and a $69.00 price target on the stock. Goldman Sachs Group lowered shares of Visteon from a “neutral” rating to a “sell” rating and lowered their price target for the company from $83.00 to $63.00 in a report on Monday, December 10th. Finally, BMO Capital Markets boosted their price target on shares of Visteon from $91.00 to $103.00 and gave the company an “outperform” rating in a report on Monday, February 25th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Visteon currently has an average rating of “Hold” and an average price target of $107.29.
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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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