Thrivent Financial for Lutherans increased its stake in Visteon Corp (NYSE:VC) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,457 shares of the auto parts company’s stock after buying an additional 327 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Visteon were worth $450,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of VC. BlackRock Inc. lifted its position in Visteon by 103.6% in the third quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock worth $246,698,000 after buying an additional 1,351,525 shares during the last quarter. Royce & Associates LP lifted its position in Visteon by 37,554.1% in the fourth quarter. Royce & Associates LP now owns 222,912 shares of the auto parts company’s stock worth $13,437,000 after buying an additional 222,320 shares during the last quarter. Marathon Asset Management LLP bought a new stake in Visteon in the fourth quarter worth $12,819,000. Massachusetts Financial Services Co. MA bought a new stake in Visteon in the fourth quarter worth $10,611,000. Finally, Forsta AP Fonden lifted its position in Visteon by 67.2% in the fourth quarter. Forsta AP Fonden now owns 378,300 shares of the auto parts company’s stock worth $22,804,000 after buying an additional 152,000 shares during the last quarter.
A number of analysts recently issued reports on the company. Longbow Research restated a “buy” rating and issued a $110.00 price target on shares of Visteon in a research report on Monday. UBS Group lowered their price target on Visteon from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Robert W. Baird downgraded Visteon from an “outperform” rating to a “neutral” rating in a research report on Friday, January 4th. BMO Capital Markets lifted their target price on Visteon from $91.00 to $103.00 and gave the stock an “outperform” rating in a research report on Monday, February 25th. They noted that the move was a valuation call. Finally, TheStreet upgraded Visteon from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Visteon presently has a consensus rating of “Hold” and an average target price of $100.50.
Visteon (NYSE:VC) last released its earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.49. The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $721.02 million. During the same quarter last year, the business posted $1.64 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year.
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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.
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