Keeley Teton Advisors LLC lessened its holdings in Visteon Corp (NYSE:VC) by 18.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 118,412 shares of the auto parts company’s stock after selling 26,471 shares during the period. Keeley Teton Advisors LLC owned 0.41% of Visteon worth $7,138,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of VC. Bank of New York Mellon Corp grew its holdings in Visteon by 22.2% during the second 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 acquiring an additional 449,197 shares during the period. State of Alaska Department of Revenue grew its holdings in Visteon by 50.9% during the third quarter. State of Alaska Department of Revenue now owns 3,416 shares of the auto parts company’s stock worth $317,000 after acquiring an additional 1,152 shares during the period. Bank of Montreal Can grew its holdings in Visteon by 22.0% during the third quarter. Bank of Montreal Can now owns 24,931 shares of the auto parts company’s stock worth $2,315,000 after acquiring an additional 4,504 shares during the period. Oakbrook Investments LLC acquired a new position in Visteon during the third quarter worth about $214,000. Finally, Strs Ohio grew its holdings in Visteon by 20.0% during the third quarter. Strs Ohio now owns 60,000 shares of the auto parts company’s stock worth $5,574,000 after acquiring an additional 10,000 shares during the period.
A number of research analysts recently issued reports on VC shares. Robert W. Baird lowered Visteon from an “outperform” rating to a “neutral” rating in a report on Friday, January 4th. Morgan Stanley set a $70.00 price target on Visteon and gave the stock a “sell” rating in a research note on Wednesday, November 14th. Goldman Sachs Group cut Visteon from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $83.00 to $63.00 in a research note on Monday, December 10th. Jefferies Financial Group began coverage on Visteon in a research note on Tuesday, December 4th. They issued an “underperform” rating and a $69.00 price target on the stock. Finally, Barclays set a $59.00 price target on Visteon and gave the stock a “hold” rating in a research note on Friday, January 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $118.31.
NYSE:VC opened at $82.31 on Wednesday. Visteon Corp has a fifty-two week low of $56.59 and a fifty-two week high of $139.45.
In other Visteon news, Director Rouzbeh Yassini-Fard bought 2,000 shares of the stock in a transaction on Wednesday, November 28th. The shares were bought at an average price of $75.57 per share, with a total value of $151,140.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $151,140. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.
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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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