Keeley Teton Advisors LLC reduced its stake in shares of Visteon Corp (NYSE:VC) by 15.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,390 shares of the auto parts company’s stock after selling 18,022 shares during the period. Keeley Teton Advisors LLC’s holdings in Visteon were worth $6,761,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of VC. Dimensional Fund Advisors LP boosted its position in shares of Visteon by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock worth $48,790,000 after buying an additional 36,129 shares in the last quarter. Becker Capital Management Inc. purchased a new position in Visteon in the 4th quarter valued at about $6,378,000. Standard Life Aberdeen plc lifted its holdings in Visteon by 42.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 252,099 shares of the auto parts company’s stock valued at $23,422,000 after purchasing an additional 75,387 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Visteon by 132.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock valued at $119,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Comerica Bank lifted its holdings in Visteon by 1.0% in the 4th quarter. Comerica Bank now owns 19,721 shares of the auto parts company’s stock valued at $1,484,000 after purchasing an additional 202 shares in the last quarter.
A number of research analysts have issued reports on VC shares. UBS Group reduced their target price on shares of Visteon from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. Morgan Stanley set a $71.00 target price on shares of Visteon and gave the company a “sell” rating in a report on Tuesday, January 29th. Robert W. Baird upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and upped their target price for the company from $87.00 to $108.00 in a report on Tuesday, April 23rd. BMO Capital Markets upped their target price 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. Finally, Longbow Research set a $110.00 target price on shares of Visteon and gave the company a “buy” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Visteon currently has a consensus rating of “Hold” and a consensus price target of $97.69.
Visteon (NYSE:VC) last posted its earnings results on Thursday, April 25th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.58). The company had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $713.99 million. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share.
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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