Blue Rock Advisors LLC boosted its holdings in Visteon Corporation (NYSE:VC) by 123.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,093 shares of the auto parts company’s stock after purchasing an additional 7,223 shares during the quarter. Visteon Corporation makes up 2.5% of Blue Rock Advisors LLC’s portfolio, making the stock its 14th biggest holding. Blue Rock Advisors LLC’s holdings in Visteon Corporation were worth $1,621,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Visteon Corporation by 2,531.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock valued at $102,000 after acquiring an additional 962 shares during the period. The Manufacturers Life Insurance Company grew its position in Visteon Corporation by 6.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock valued at $106,000 after acquiring an additional 61 shares during the period. Quantbot Technologies LP grew its position in Visteon Corporation by 2.8% during the second quarter. Quantbot Technologies LP now owns 1,089 shares of the auto parts company’s stock valued at $111,000 after acquiring an additional 30 shares during the period. BNP Paribas Arbitrage SA grew its position in Visteon Corporation by 64.6% during the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 526 shares during the period. Finally, Riverhead Capital Management LLC purchased a new stake in Visteon Corporation during the second quarter valued at about $153,000.
Shares of Visteon Corporation (NYSE:VC) traded up $1.13 on Monday, reaching $129.17. The company had a trading volume of 418,000 shares, compared to its average volume of 310,283. The stock has a market capitalization of $4,017.04, a P/E ratio of 20.34, a P/E/G ratio of 1.38 and a beta of 0.83. Visteon Corporation has a 1 year low of $76.95 and a 1 year high of $129.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76.
A number of equities research analysts have issued reports on VC shares. Robert W. Baird reissued a “buy” rating and set a $143.00 price target on shares of Visteon Corporation in a research report on Tuesday, October 17th. BidaskClub downgraded Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $139.00 target price for the company in a research report on Wednesday, September 27th. FBR & Co upped their target price on Visteon Corporation from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “buy” rating on shares of Visteon Corporation in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $123.86.
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In other Visteon Corporation news, CEO Sachin Lawande sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total transaction of $315,125.00. Following the sale, the chief executive officer now owns 8,595 shares in the company, valued at $1,083,399.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew M. Cole sold 1,359 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total value of $155,184.21. Following the sale, the insider now owns 693 shares in the company, valued at approximately $79,133.67. The disclosure for this sale can be found here. Insiders sold 7,481 shares of company stock valued at $913,870 in the last three months. 0.19% of the stock is currently owned by company insiders.
Visteon Corporation Company Profile
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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