TCW Group Inc. Grows Stake in Visteon Corp (VC)

TCW Group Inc. lifted its position in Visteon Corp (NYSE:VC) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,107 shares of the auto parts company’s stock after buying an additional 436 shares during the period. TCW Group Inc. owned approximately 0.66% of Visteon worth $25,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Visteon during the fourth quarter valued at $301,000. UBS Asset Management Americas Inc. lifted its position in Visteon by 248.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 134,905 shares of the auto parts company’s stock valued at $16,882,000 after purchasing an additional 96,204 shares in the last quarter. BlackRock Inc. lifted its position in Visteon by 2.0% during the fourth quarter. BlackRock Inc. now owns 1,353,256 shares of the auto parts company’s stock valued at $169,348,000 after purchasing an additional 26,010 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Visteon by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,815,769 shares of the auto parts company’s stock valued at $227,226,000 after purchasing an additional 11,660 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new position in Visteon during the fourth quarter valued at $6,194,000.

In other news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $130.94, for a total value of $654,700.00. Following the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at $1,125,429.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 15,000 shares of company stock worth $1,938,500 over the last ninety days. Insiders own 0.19% of the company’s stock.

Shares of Visteon Corp (NYSE:VC) opened at $123.50 on Tuesday. Visteon Corp has a twelve month low of $89.60 and a twelve month high of $140.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. The stock has a market capitalization of $3,840.00, a PE ratio of 23.61, a PEG ratio of 1.34 and a beta of 0.85.

Visteon announced that its Board of Directors has initiated a stock buyback program on Tuesday, January 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Several equities analysts have recently commented on VC shares. Zacks Investment Research downgraded Visteon from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Citigroup boosted their price objective on Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. B. Riley boosted their price objective on Visteon from $140.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Guggenheim started coverage on Visteon in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, ValuEngine upgraded Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $134.25.

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About Visteon

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 (NYSE:VC)

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