Caxton Associates LP Takes Position in Visteon Corp (VC)

Caxton Associates LP purchased a new stake in shares of Visteon Corp (NYSE:VC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 9,000 shares of the auto parts company’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VC. Pearl River Capital LLC acquired a new position in Visteon during the 4th quarter worth $36,000. Point72 Hong Kong Ltd acquired a new position in Visteon during the 3rd quarter worth $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Visteon during the 4th quarter worth $153,000. PNC Financial Services Group Inc. grew its holdings in Visteon by 51.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,869 shares of the auto parts company’s stock worth $172,000 after acquiring an additional 980 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in Visteon by 81.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 2,045 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 920 shares in the last quarter.

Several research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Visteon from $91.00 to $103.00 and gave the stock an “outperform” rating in a report on Monday, February 25th. They noted that the move was a valuation call. Longbow Research set a $110.00 price target on shares of Visteon and gave the stock a “buy” rating in a research report on Friday, February 22nd. Morgan Stanley set a $73.00 price target on shares of Visteon and gave the stock a “sell” rating in a research report on Tuesday, March 5th. Jefferies Financial Group began coverage on shares of Visteon in a research report on Tuesday, December 4th. They issued an “underperform” rating and a $69.00 price target on the stock. Finally, TheStreet upgraded shares of Visteon from a “c” rating to a “b-” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Visteon presently has a consensus rating of “Hold” and an average price target of $107.29.

Visteon stock opened at $75.05 on Friday. Visteon Corp has a 1 year low of $56.59 and a 1 year high of $139.45.

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

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About Visteon

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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