Texas Permanent School Fund Buys Shares of 18,477 Visteon Corp (VC)

Texas Permanent School Fund bought a new position in Visteon Corp (NYSE:VC) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,477 shares of the auto parts company’s stock, valued at approximately $1,717,000.

Several other large investors have also added to or reduced their stakes in the company. James Investment Research Inc. purchased a new stake in Visteon during the 2nd quarter valued at about $147,000. BNP Paribas Arbitrage SA grew its position in Visteon by 189.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,464 shares of the auto parts company’s stock valued at $189,000 after purchasing an additional 959 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in Visteon by 92.9% during 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 purchasing an additional 790 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in Visteon during the 3rd quarter valued at about $214,000. Finally, GSA Capital Partners LLP purchased a new stake in Visteon during the 2nd quarter valued at about $233,000.

In other Visteon news, Director Harry James Wilson acquired 5,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were purchased at an average price of $76.95 per share, for a total transaction of $384,750.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $153,900. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert R. Vallance sold 850 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $116.85, for a total transaction of $99,322.50. Following the completion of the transaction, the insider now owns 4,414 shares in the company, valued at approximately $515,775.90. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

VC opened at $82.05 on Thursday. Visteon Corp has a 52-week low of $67.27 and a 52-week high of $140.64.

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

Several analysts recently commented on VC shares. Wells Fargo & Co reissued a “market perform” rating and set a $86.00 price objective (down from $123.00) on shares of Visteon in a research report on Wednesday, October 17th. Wolfe Research started coverage on shares of Visteon in a research note on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Morgan Stanley set a $98.00 target price on shares of Visteon and gave the company a “sell” rating in a research note on Monday, August 13th. Raymond James restated a “buy” rating on shares of Visteon in a research note on Monday, August 20th. Finally, Consumer Edge started coverage on shares of Visteon in a research note on Thursday, October 4th. They set an “outperform” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $134.00.

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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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