Russell Investments Group Ltd. Grows Stock Position in Visteon Corp (NYSE:VC)

Russell Investments Group Ltd. boosted its position in Visteon Corp (NYSE:VC) by 4,453.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,069 shares of the auto parts company’s stock after buying an additional 61,684 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of Visteon worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position in shares of Visteon by 1.2% in the second quarter. Arizona State Retirement System now owns 20,520 shares of the auto parts company’s stock valued at $1,202,000 after purchasing an additional 239 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Visteon by 7.4% during the second quarter. State of Alaska Department of Revenue now owns 3,517 shares of the auto parts company’s stock valued at $205,000 after buying an additional 243 shares during the period. Texas Permanent School Fund boosted its stake in Visteon by 1.4% during the first quarter. Texas Permanent School Fund now owns 19,177 shares of the auto parts company’s stock valued at $1,292,000 after buying an additional 259 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Visteon by 76.1% during the first quarter. BNP Paribas Arbitrage SA now owns 905 shares of the auto parts company’s stock valued at $61,000 after buying an additional 391 shares during the period. Finally, Sumitomo Life Insurance Co. boosted its stake in Visteon by 2.7% during the second quarter. Sumitomo Life Insurance Co. now owns 15,098 shares of the auto parts company’s stock valued at $884,000 after buying an additional 398 shares during the period.

In other news, Director Harry James Wilson purchased 2,000 shares of the company’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of $53.92 per share, with a total value of $107,840.00. Following the completion of the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $647,040. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

VC stock traded up $0.03 during mid-day trading on Monday, hitting $81.11. 4,718 shares of the stock were exchanged, compared to its average volume of 614,200. The business has a fifty day moving average price of $67.01 and a 200 day moving average price of $64.82. Visteon Corp has a 12 month low of $44.04 and a 12 month high of $108.42.

Visteon (NYSE:VC) last issued its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.07). The business had revenue of $733.00 million during the quarter, compared to analysts’ expectations of $719.55 million. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis.

Several equities research analysts recently issued reports on VC shares. Morgan Stanley set a $43.00 price objective on Visteon and gave the company a “sell” rating in a research note on Wednesday, June 26th. Cowen set a $72.00 price objective on Visteon and gave the company a “buy” rating in a research note on Friday, July 19th. Robert W. Baird lifted their price objective on Visteon from $65.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Citigroup lifted their price objective on Visteon from $69.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Deutsche Bank set a $64.00 price objective on Visteon and gave the company a “hold” rating in a research note on Friday, July 26th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $73.53.

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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