Dupont Capital Management Corp acquired a new stake in Visteon Corp (NYSE:VC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,300 shares of the auto parts company’s stock, valued at approximately $155,000.
Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Visteon by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock valued at $48,790,000 after acquiring an additional 36,129 shares during the last quarter. Becker Capital Management Inc. acquired a new stake in Visteon in the 4th quarter valued at about $6,378,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Visteon by 132.5% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,981 shares of the auto parts company’s stock worth $119,000 after buying an additional 1,129 shares during the last quarter. Comerica Bank increased its holdings in shares of Visteon by 1.0% during the 4th quarter. Comerica Bank now owns 19,721 shares of the auto parts company’s stock worth $1,484,000 after buying an additional 202 shares during the last quarter. Finally, Dean Investment Associates LLC acquired a new stake in shares of Visteon during the 4th quarter worth approximately $3,615,000.
Visteon stock opened at $56.28 on Wednesday. Visteon Corp has a fifty-two week low of $55.23 and a fifty-two week high of $139.45.
A number of brokerages have recently issued reports on VC. TheStreet downgraded shares of Visteon from a “b-” rating to a “c” rating in a report on Thursday, May 2nd. BMO Capital Markets cut their price target on shares of Visteon to $83.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Jefferies Financial Group upgraded shares of Visteon from an “underperform” rating to a “hold” rating and cut their price target for the stock from $79.00 to $62.00 in a report on Monday, April 29th. They noted that the move was a valuation call. B. Riley downgraded shares of Visteon from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $75.00 in a report on Thursday, April 25th. Finally, Robert W. Baird upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $87.00 to $108.00 in a report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $97.69.
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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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