Capital Fund Management S.A. Purchases New Stake in Visteon Corp (VC)

Capital Fund Management S.A. purchased a new position in shares of Visteon Corp (NYSE:VC) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 49,500 shares of the auto parts company’s stock, valued at approximately $6,194,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VC. Bank of New York Mellon Corp boosted its position in shares of Visteon by 34.8% during the third quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock worth $223,294,000 after purchasing an additional 465,508 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Visteon by 136.3% during the fourth quarter. Victory Capital Management Inc. now owns 417,742 shares of the auto parts company’s stock worth $52,276,000 after purchasing an additional 240,980 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Visteon during the fourth quarter worth $30,134,000. Old Mutual Global Investors UK Ltd. boosted its position in shares of Visteon by 83.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 314,541 shares of the auto parts company’s stock worth $39,361,000 after purchasing an additional 142,930 shares in the last quarter. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Visteon during the second quarter worth $10,206,000.

Shares of Visteon Corp (VC) opened at $123.50 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.97 and a quick ratio of 1.76. Visteon Corp has a 52 week low of $89.60 and a 52 week high of $140.64. The stock has a market cap of $3,840.00, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85.

Visteon announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, January 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other Visteon news, CEO Sachin Lawande sold 5,000 shares of Visteon stock in a transaction on Friday, December 1st. The shares were sold at an average price of $130.94, for a total value of $654,700.00. Following the sale, the chief executive officer now directly owns 8,595 shares in the company, valued at approximately $1,125,429.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 17,500 shares of company stock worth $2,263,500 over the last quarter. Company insiders own 0.19% of the company’s stock.

A number of equities analysts have recently weighed in on VC shares. Zacks Investment Research cut shares of Visteon from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. FBR & Co boosted their price objective on shares of Visteon from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Barclays boosted their price objective on shares of Visteon from $107.00 to $112.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Citigroup boosted their price objective on shares of Visteon from $113.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, B. Riley reaffirmed a “buy” rating on shares of Visteon in a research report on Wednesday, November 1st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $134.25.

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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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