Robecosam AG Acquires 153,000 Shares of Visteon Corp (VC)

Robecosam AG grew its holdings in Visteon Corp (NYSE:VC) by 39.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 543,000 shares of the auto parts company’s stock after acquiring an additional 153,000 shares during the period. Visteon accounts for 2.0% of Robecosam AG’s portfolio, making the stock its 14th largest holding. Robecosam AG owned 1.88% of Visteon worth $50,749,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VC. Bank of New York Mellon Corp raised its position in shares of Visteon by 22.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock valued at $320,071,000 after purchasing an additional 449,197 shares during the period. Janus Henderson Group PLC raised its position in shares of Visteon by 97.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,892 shares of the auto parts company’s stock valued at $241,536,000 after purchasing an additional 923,916 shares during the period. Waddell & Reed Financial Inc. raised its position in shares of Visteon by 13.0% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 773,909 shares of the auto parts company’s stock valued at $100,020,000 after purchasing an additional 88,745 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Visteon by 18.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 636,173 shares of the auto parts company’s stock valued at $82,219,000 after purchasing an additional 99,216 shares during the period. Finally, Carillon Tower Advisers Inc. raised its position in shares of Visteon by 4.3% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 538,481 shares of the auto parts company’s stock valued at $69,593,000 after purchasing an additional 22,160 shares during the period.

In other Visteon news, insider Robert R. Vallance sold 850 shares of Visteon stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $116.85, for a total value of $99,322.50. Following the completion of the transaction, the insider now directly owns 4,414 shares of the company’s stock, valued at approximately $515,775.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $118.00, for a total transaction of $295,000.00. Following the completion of the transaction, the chief executive officer now directly owns 65,109 shares of the company’s stock, valued at $7,682,862. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.



VC has been the topic of several recent analyst reports. Raymond James restated a “buy” rating on shares of Visteon in a research report on Monday, August 20th. Longbow Research set a $145.00 price target on shares of Visteon and gave the company a “buy” rating in a report on Thursday, July 26th. Cowen reiterated a “buy” rating and issued a $150.00 price target on shares of Visteon in a report on Friday, July 27th. Citigroup reduced their price target on shares of Visteon from $126.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, July 30th. Finally, Barclays reiterated a “hold” rating and issued a $104.00 price target on shares of Visteon in a report on Sunday, July 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. Visteon currently has a consensus rating of “Buy” and a consensus target price of $134.00.

Shares of NYSE:VC opened at $77.20 on Wednesday. Visteon Corp has a 52 week low of $67.27 and a 52 week 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.

Visteon (NYSE:VC) last issued its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.03). Visteon had a return on equity of 29.13% and a net margin of 4.83%. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $727.48 million. Equities research analysts predict that Visteon Corp will post 6.23 EPS for the current fiscal year.

Visteon 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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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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