Shell Asset Management Co. Has $447,000 Holdings in Visteon Corp (VC)

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Shell Asset Management Co. lowered its stake in Visteon Corp (NYSE:VC) by 38.4% in the third quarter, Holdings Channel reports. The institutional investor owned 4,817 shares of the auto parts company’s stock after selling 3,002 shares during the quarter. Shell Asset Management Co.’s holdings in Visteon were worth $447,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VC. BNP Paribas Arbitrage SA raised its holdings in Visteon by 189.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 959 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Visteon by 92.9% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,640 shares of the auto parts company’s stock valued at $212,000 after acquiring an additional 790 shares in the last quarter. Oakbrook Investments LLC acquired a new position in Visteon in the 3rd quarter valued at approximately $214,000. GSA Capital Partners LLP acquired a new position in Visteon in the 2nd quarter valued at approximately $233,000. Finally, PNC Financial Services Group Inc. raised its holdings in Visteon by 37.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 531 shares in the last quarter.

Several research firms have commented on VC. TheStreet cut Visteon from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Jefferies Financial Group began coverage on Visteon in a report on Tuesday. They issued an “underperform” rating and a $69.00 price target for the company. Wells Fargo & Co cut their price target on Visteon from $86.00 to $73.00 and set a “market perform” rating for the company in a report on Friday, October 26th. Morgan Stanley set a $70.00 price target on Visteon and gave the company a “sell” rating in a report on Wednesday, November 14th. Finally, Consumer Edge started coverage on Visteon in a research note on Thursday, October 4th. They issued an “outperform” rating and a $130.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. Visteon currently has an average rating of “Hold” and a consensus target price of $128.83.

In other Visteon news, Director Rouzbeh Yassini-Fard purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $75.57 per share, for a total transaction of $151,140.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $151,140. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi M. Bergman purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average price of $78.01 per share, for a total transaction of $78,010.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 9,000 shares of company stock worth $691,270. 0.19% of the stock is owned by corporate insiders.

VC stock opened at $67.59 on Friday. Visteon Corp has a 1-year low of $67.27 and a 1-year high of $140.64.

Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, October 25th. The auto parts company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.03). The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $727.48 million.

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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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