Stevens Capital Management LP purchased a new position in shares of Visteon Corp (NYSE:VC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,560 shares of the auto parts company’s stock, valued at approximately $1,538,000. Stevens Capital Management LP owned approximately 0.06% of Visteon as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in shares of Visteon by 189.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock worth $189,000 after buying an additional 959 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Visteon by 92.9% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock worth $212,000 after buying an additional 790 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Visteon during the 3rd quarter worth approximately $214,000. GSA Capital Partners LLP purchased a new stake in shares of Visteon during the 2nd quarter worth approximately $233,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Visteon by 37.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the auto parts company’s stock worth $252,000 after buying an additional 531 shares during the last quarter.
VC stock opened at $73.69 on Wednesday. Visteon Corp has a 12 month low of $67.27 and a 12 month high of $140.64.
Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.03). The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $727.48 million.
Several analysts have recently weighed in on VC shares. Morgan Stanley set a $98.00 price objective on shares of Visteon and gave the stock a “sell” rating in a research report on Monday, August 13th. Raymond James restated a “buy” rating on shares of Visteon in a research report on Monday, August 20th. Wolfe Research started coverage on shares of Visteon in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Consumer Edge started coverage on shares of Visteon in a research report on Thursday, October 4th. They set an “outperform” rating and a $130.00 price objective for the company. Finally, Wells Fargo & Co restated a “market perform” rating and set a $86.00 price objective (down previously from $123.00) on shares of Visteon in a research report on Wednesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. Visteon currently has a consensus rating of “Hold” and an average price target of $128.83.
In other news, Director Harry James Wilson acquired 5,000 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were bought at an average cost of $76.95 per share, with a total value of $384,750.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately $153,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rouzbeh Yassini-Fard acquired 2,000 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was purchased at an average cost of $75.57 per share, for a total transaction of $151,140.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $151,140. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 9,000 shares of company stock valued at $691,270. 0.19% of the stock is owned by insiders.
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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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