Peregrine Capital Management LLC reduced its holdings in shares of Visteon Corp (NYSE:VC) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,201 shares of the auto parts company’s stock after selling 28,325 shares during the quarter. Peregrine Capital Management LLC owned 0.37% of Visteon worth $9,023,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Metropolitan Life Insurance Co NY lifted its position in shares of Visteon by 81.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 16,329 shares of the auto parts company’s stock valued at $1,348,000 after purchasing an additional 7,329 shares in the last quarter. Brinker Capital Inc. lifted its position in shares of Visteon by 19.8% during the third quarter. Brinker Capital Inc. now owns 13,159 shares of the auto parts company’s stock valued at $1,086,000 after purchasing an additional 2,175 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Visteon during the third quarter valued at about $314,000. Creative Planning bought a new position in shares of Visteon during the third quarter valued at about $220,000. Finally, California Public Employees Retirement System lifted its position in shares of Visteon by 9.3% during the third quarter. California Public Employees Retirement System now owns 63,809 shares of the auto parts company’s stock valued at $5,267,000 after purchasing an additional 5,415 shares in the last quarter.
NYSE VC opened at $89.51 on Friday. The company’s 50 day moving average is $89.32 and its 200-day moving average is $78.60. Visteon Corp has a 12-month low of $44.04 and a 12-month high of $105.99.
Visteon (NYSE:VC) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.03. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $700.44 million. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS.
In related news, SVP Sunil K. Bilolikar sold 1,870 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.27, for a total transaction of $181,894.90. Following the completion of the transaction, the senior vice president now owns 1,874 shares of the company’s stock, valued at $182,283.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brett D. Pynnonen sold 4,451 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $95.87, for a total transaction of $426,717.37. Following the transaction, the vice president now directly owns 2,840 shares of the company’s stock, valued at approximately $272,270.80. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by insiders.
VC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Visteon from a “buy” rating to a “hold” rating in a research report on Friday. Guggenheim began coverage on shares of Visteon in a research report on Tuesday, October 15th. They issued a “neutral” rating on the stock. Deutsche Bank raised shares of Visteon from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $106.00 to $104.00 in a research report on Tuesday. Robert W. Baird set a $81.00 price objective on shares of Visteon and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Wolfe Research raised shares of Visteon from a “peer perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $83.31.
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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