Public Employees Retirement Association of Colorado Lowers Stake in Visteon Corporation (VC)

Public Employees Retirement Association of Colorado cut its stake in shares of Visteon Corporation (NYSE:VC) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 125,713 shares of the auto parts company’s stock after selling 548 shares during the period. Public Employees Retirement Association of Colorado owned 0.40% of Visteon Corporation worth $15,559,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its stake in shares of Visteon Corporation by 3.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 147,800 shares of the auto parts company’s stock valued at $18,293,000 after buying an additional 4,400 shares during the period. Victory Capital Management Inc. grew its stake in shares of Visteon Corporation by 80.2% during the 3rd quarter. Victory Capital Management Inc. now owns 176,762 shares of the auto parts company’s stock valued at $21,878,000 after buying an additional 78,669 shares during the period. Peregrine Capital Management LLC grew its stake in shares of Visteon Corporation by 2.1% during the 3rd quarter. Peregrine Capital Management LLC now owns 118,649 shares of the auto parts company’s stock valued at $14,685,000 after buying an additional 2,422 shares during the period. First Quadrant L P CA grew its stake in shares of Visteon Corporation by 296.2% during the 3rd quarter. First Quadrant L P CA now owns 62,593 shares of the auto parts company’s stock valued at $7,747,000 after buying an additional 46,793 shares during the period. Finally, Handelsbanken Fonder AB grew its stake in shares of Visteon Corporation by 65.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 165,000 shares of the auto parts company’s stock valued at $20,422,000 after buying an additional 65,000 shares during the period.

A number of analysts recently weighed in on VC shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price target on shares of Visteon Corporation in a research report on Tuesday, October 3rd. FBR & Co upped their price target on shares of Visteon Corporation from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Barclays PLC upped their price target on shares of Visteon Corporation from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Citigroup Inc. upped their price target on shares of Visteon Corporation from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, BMO Capital Markets raised shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $123.86.

Visteon Corporation (NYSE:VC) last announced its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.17. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.13%. The firm had revenue of $765.00 million during the quarter, compared to the consensus estimate of $761.95 million. During the same period last year, the firm posted $1.10 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis.

In other Visteon Corporation news, VP Stephanie S. Marianos sold 512 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $119.74, for a total value of $61,306.88. Following the completion of the transaction, the vice president now directly owns 431 shares of the company’s stock, valued at $51,607.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew M. Cole sold 1,359 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the completion of the transaction, the insider now directly owns 693 shares of the company’s stock, valued at $79,133.67. The disclosure for this sale can be found here. Insiders have sold a total of 4,981 shares of company stock valued at $598,745 over the last three months. 0.19% of the stock is currently owned by insiders.

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About Visteon Corporation

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.

Institutional Ownership by Quarter for Visteon Corporation (NYSE:VC)

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