Robecosam AG cut its holdings in shares of Visteon Corp (NYSE:VC) by 22.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,000 shares of the auto parts company’s stock after selling 110,500 shares during the period. Visteon accounts for approximately 1.3% of Robecosam AG’s holdings, making the stock its 22nd biggest holding. Robecosam AG’s holdings in Visteon were worth $30,876,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in VC. Invesco Ltd. raised its position in shares of Visteon by 200.1% in the 2nd quarter. Invesco Ltd. now owns 2,588,284 shares of the auto parts company’s stock valued at $151,622,000 after acquiring an additional 1,725,726 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Visteon by 17.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,635,289 shares of the auto parts company’s stock valued at $271,535,000 after acquiring an additional 672,851 shares during the period. BlackRock Inc. raised its position in shares of Visteon by 24.8% in the 2nd quarter. BlackRock Inc. now owns 3,204,560 shares of the auto parts company’s stock valued at $187,725,000 after acquiring an additional 635,794 shares during the period. Marathon Asset Management LLP acquired a new stake in shares of Visteon in the 2nd quarter valued at approximately $37,219,000. Finally, Victory Capital Management Inc. raised its position in shares of Visteon by 20,099.4% in the 2nd quarter. Victory Capital Management Inc. now owns 545,787 shares of the auto parts company’s stock valued at $31,972,000 after acquiring an additional 543,085 shares during the period.
VC has been the topic of a number of analyst reports. Robert W. Baird set a $81.00 price target on shares of Visteon and gave the company a “buy” rating in a research report on Thursday, September 26th. UBS Group downgraded shares of Visteon from a “neutral” rating to a “sell” rating and cut their price target for the company from $66.00 to $61.00 in a research report on Thursday, September 12th. Barclays set a $60.00 price target on shares of Visteon and gave the company a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research reiterated a “sell” rating on shares of Visteon in a research report on Saturday. Finally, Morgan Stanley set a $43.00 price target on shares of Visteon and gave the company a “sell” rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.50.
Visteon (NYSE:VC) last announced its earnings results on Thursday, July 25th. The auto parts company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.07). The business had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $719.55 million. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 EPS.
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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