Commonwealth Bank of Australia boosted its position in Visteon Corp (NYSE:VC) by 67.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,900 shares of the auto parts company’s stock after purchasing an additional 9,200 shares during the quarter. Commonwealth Bank of Australia’s holdings in Visteon were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Visteon by 103.6% in the 3rd quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock valued at $246,698,000 after buying an additional 1,351,525 shares during the period. Janus Henderson Group PLC grew its holdings in Visteon by 18.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,209,500 shares of the auto parts company’s stock valued at $205,263,000 after buying an additional 340,608 shares during the period. Royce & Associates LP grew its holdings in Visteon by 37,554.1% in the 4th quarter. Royce & Associates LP now owns 222,912 shares of the auto parts company’s stock valued at $13,437,000 after buying an additional 222,320 shares during the period. Marathon Asset Management LLP purchased a new stake in Visteon in the 4th quarter valued at about $12,819,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Visteon in the 4th quarter valued at about $10,611,000.

Several analysts have commented on VC shares. Morgan Stanley set a $71.00 price target on Visteon and gave the company a “sell” rating in a report on Tuesday, January 29th. Jefferies Financial Group started coverage on Visteon in a report on Tuesday, December 4th. They issued an “underperform” rating and a $69.00 price target for the company. Barclays set a $59.00 price target on Visteon and gave the company a “hold” rating in a report on Friday, January 4th. Deutsche Bank started coverage on Visteon in a report on Thursday, December 13th. They set a “hold” rating for the company. Finally, Goldman Sachs Group cut Visteon from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $83.00 to $63.00 in a report on Monday, December 10th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $107.29.

Shares of NYSE:VC opened at $73.96 on Friday. Visteon Corp has a 1 year low of $56.59 and a 1 year high of $139.45.

Visteon (NYSE:VC) last released its quarterly earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.49. The company had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $721.02 million. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.64 EPS.

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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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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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