Gamco Investors INC. ET AL reduced its stake in shares of Visteon Corp (NYSE:VC) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,381 shares of the auto parts company’s stock after selling 3,490 shares during the period. Gamco Investors INC. ET AL’s holdings in Visteon were worth $18,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Visteon by 2,531.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,000 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 962 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Visteon by 6.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,040 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 61 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 526 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Visteon by 32.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,773 shares of the auto parts company’s stock worth $219,000 after purchasing an additional 433 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in shares of Visteon during the 3rd quarter worth $220,000.

In related news, CEO Sachin Lawande sold 2,500 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the transaction, the chief executive officer now owns 8,595 shares of the company’s stock, valued at approximately $1,074,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 17,500 shares of company stock valued at $2,263,500 in the last three months. 0.19% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Visteon from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $142.00 to $137.00 in a research report on Monday, January 22nd. Citigroup boosted their target price on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research raised Visteon from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, December 27th. Longbow Research began coverage on Visteon in a research note on Friday, January 5th. They set a “buy” rating and a $160.00 price target for the company. Finally, B. Riley reaffirmed a “buy” rating on shares of Visteon in a research note on Wednesday, November 1st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $134.25.

Visteon Corp (VC) opened at $124.75 on Thursday. Visteon Corp has a one year low of $88.61 and a one year high of $140.64. The firm has a market cap of $3,880.00, a PE ratio of 23.85, a P/E/G ratio of 1.34 and a beta of 0.85. The company has a quick ratio of 1.76, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.

Visteon declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, January 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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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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