Public Employees Retirement System of Ohio trimmed its position in shares of Visteon Corp (NYSE:VC) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 114,886 shares of the auto parts company’s stock after selling 2,819 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.37% of Visteon worth $14,219,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of VC. Neuberger Berman Group LLC lifted its position in shares of Visteon by 74.4% in the third quarter. Neuberger Berman Group LLC now owns 85,783 shares of the auto parts company’s stock valued at $10,617,000 after acquiring an additional 36,583 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Visteon by 3.7% in the third quarter. California Public Employees Retirement System now owns 126,068 shares of the auto parts company’s stock valued at $15,603,000 after acquiring an additional 4,468 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Visteon by 820.3% in the third quarter. Cubist Systematic Strategies LLC now owns 19,373 shares of the auto parts company’s stock valued at $2,398,000 after acquiring an additional 17,268 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Visteon by 7.2% in the third quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock valued at $102,181,000 after acquiring an additional 55,325 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Visteon in the third quarter valued at $458,000.
Shares of Visteon Corp (VC) opened at $127.29 on Tuesday. The company has a market capitalization of $3,884.24, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon Corp has a 12 month low of $79.54 and a 12 month high of $133.04.
In other news, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total value of $315,125.00. Following the completion of the sale, the chief executive officer now owns 8,595 shares in the company, valued at $1,083,399.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 12,004 shares of company stock valued at $1,543,121 over the last 90 days. 0.19% of the stock is currently owned by insiders.
Several equities analysts recently weighed in on VC shares. Citigroup increased their target price on Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. B. Riley reiterated a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Barclays increased their target price on Visteon from $107.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets upgraded Visteon from a “market perform” rating to an “outperform” rating and increased their target price 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 eleven have assigned a buy rating to the company. Visteon currently has an average rating of “Buy” and an average target price of $123.86.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/19/visteon-corp-vc-shares-sold-by-public-employees-retirement-system-of-ohio.html.
Visteon 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.
What are top analysts saying about Visteon? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Visteon and related companies.