Private Capital Management LLC Acquires 5,002 Shares of Visteon Corp (VC)

Private Capital Management LLC increased its holdings in shares of Visteon Corp (NYSE:VC) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,727 shares of the auto parts company’s stock after buying an additional 5,002 shares during the period. Visteon comprises approximately 4.2% of Private Capital Management LLC’s portfolio, making the stock its 7th largest position. Private Capital Management LLC owned 1.05% of Visteon worth $28,309,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Visteon by 103.6% in the 3rd quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock worth $246,698,000 after purchasing an additional 1,351,525 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Visteon by 22.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after purchasing an additional 449,197 shares during the period. Janus Henderson Group PLC lifted its position in shares of Visteon by 18.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,209,500 shares of the auto parts company’s stock worth $205,263,000 after purchasing an additional 340,608 shares during the period. Eagle Asset Management Inc. lifted its position in shares of Visteon by 11.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 982,679 shares of the auto parts company’s stock worth $91,290,000 after purchasing an additional 103,289 shares during the period. Finally, Waddell & Reed Financial Inc. lifted its position in shares of Visteon by 13.0% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 773,909 shares of the auto parts company’s stock worth $100,020,000 after purchasing an additional 88,745 shares during the period.

In other Visteon news, Director Harry James Wilson purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was acquired at an average price of $76.95 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi M. Bergman purchased 1,000 shares of the firm’s stock in a transaction on Monday, November 12th. The shares were acquired at an average price of $78.01 per share, with a total value of $78,010.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,000 shares of company stock valued at $691,270 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

VC stock traded down $1.76 during midday trading on Thursday, reaching $62.37. 145,086 shares of the company’s stock traded hands, compared to its average volume of 509,933. Visteon Corp has a 52 week low of $60.77 and a 52 week high of $140.64.

Visteon (NYSE:VC) last announced its quarterly earnings results on Thursday, October 25th. The auto parts company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.03). The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $727.48 million.

A number of research firms recently issued reports on VC. TheStreet downgraded shares of Visteon from a “b-” rating to a “c” rating in a research report on Thursday, October 25th. Morgan Stanley set a $70.00 target price on shares of Visteon and gave the company a “sell” rating in a research report on Wednesday, November 14th. Raymond James reiterated a “buy” rating on shares of Visteon in a research report on Monday, August 20th. Jefferies Financial Group began coverage on shares of Visteon in a research report on Tuesday, December 4th. They set an “underperform” rating and a $69.00 target price on the stock. Finally, Wells Fargo & Co dropped their target price on shares of Visteon from $86.00 to $73.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $124.44.

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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.

Further Reading: Systematic Risk

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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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