Artisan Partners Limited Partnership Sells 9,245 Shares of Visteon Corp (VC)
Artisan Partners Limited Partnership lessened its holdings in Visteon Corp (NYSE:VC) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 578,020 shares of the auto parts company’s stock after selling 9,245 shares during the period. Artisan Partners Limited Partnership owned about 1.86% of Visteon worth $71,542,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of VC. Hillsdale Investment Management Inc. purchased a new stake in Visteon in the 3rd quarter worth approximately $378,000. Moody Aldrich Partners LLC increased its holdings in Visteon by 12.8% in the 3rd quarter. Moody Aldrich Partners LLC now owns 10,070 shares of the auto parts company’s stock worth $1,246,000 after acquiring an additional 1,140 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Visteon by 1.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 119,462 shares of the auto parts company’s stock worth $14,786,000 after acquiring an additional 1,489 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Visteon in the 3rd quarter worth approximately $765,000. Finally, Wells Fargo & Company MN increased its holdings in Visteon by 41.0% in the 3rd quarter. Wells Fargo & Company MN now owns 169,794 shares of the auto parts company’s stock worth $21,014,000 after acquiring an additional 49,335 shares in the last quarter.
Shares of Visteon Corp (NYSE:VC) traded down $0.81 on Monday, reaching $130.88. 300,200 shares of the company’s stock were exchanged, compared to its average volume of 305,559. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon Corp has a twelve month low of $78.92 and a twelve month high of $133.04. The stock has a market cap of $4,070.22, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.40 and a beta of 0.85.
Several research firms recently issued reports on VC. B. Riley reissued a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and issued a $143.00 target price on shares of Visteon in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Visteon from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $126.00 target price on shares of Visteon in a report on Wednesday, October 18th. Finally, Citigroup increased their target price on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Visteon currently has an average rating of “Buy” and an average price target of $123.86.
In other news, insider Robert R. Vallance sold 1,106 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total transaction of $133,958.72. Following the completion of the transaction, the insider now directly owns 4,086 shares in the company, valued at approximately $494,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sachin Lawande sold 2,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $130.00, for a total value of $325,000.00. Following the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at $1,117,350. The disclosure for this sale can be found here. Insiders have sold a total of 8,622 shares of company stock valued at $1,083,686 over the last quarter. Corporate insiders own 0.19% of the company’s stock.
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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