Visteon Corporation $VC Shares Acquired by Strs Ohio

Strs Ohio increased its stake in shares of Visteon Corporation (NASDAQ:VC) by 2,933.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,100 shares of the company’s stock after acquiring an additional 8,800 shares during the period. Strs Ohio’s holdings in Visteon were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in shares of Visteon by 111.5% during the 2nd quarter. Fifth Third Bancorp now owns 387 shares of the company’s stock worth $36,000 after purchasing an additional 204 shares during the period. USA Financial Formulas purchased a new stake in Visteon during the third quarter worth $44,000. EMC Capital Management acquired a new stake in Visteon during the second quarter valued at $45,000. GAMMA Investing LLC grew its position in Visteon by 238.0% during the second quarter. GAMMA Investing LLC now owns 605 shares of the company’s stock valued at $56,000 after buying an additional 426 shares during the period. Finally, Signaturefd LLC increased its holdings in Visteon by 106.6% in the second quarter. Signaturefd LLC now owns 1,886 shares of the company’s stock valued at $176,000 after buying an additional 973 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Stock Performance

NASDAQ VC opened at $93.63 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The stock’s 50 day simple moving average is $98.96 and its 200-day simple moving average is $110.12. The company has a market cap of $2.55 billion, a PE ratio of 8.41 and a beta of 1.15. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on VC shares. The Goldman Sachs Group set a $120.00 target price on shares of Visteon in a research note on Thursday, January 15th. UBS Group lowered their price target on Visteon from $142.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Morgan Stanley raised their price objective on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Wall Street Zen cut Visteon from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Wells Fargo & Company decreased their target price on Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.15.

Insider Activity at Visteon

In other news, CEO Sachin Lawande sold 595 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $110.02, for a total value of $65,461.90. Following the transaction, the chief executive officer directly owned 175,527 shares of the company’s stock, valued at approximately $19,311,480.54. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

Visteon Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.