Kirr Marbach & Co. LLC IN boosted its stake in Visteon Corp (NYSE:VC) by 3.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 104,268 shares of the auto parts company’s stock after purchasing an additional 3,402 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.37% of Visteon worth $7,022,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Visteon by 103.6% during the third quarter. BlackRock Inc. now owns 2,655,521 shares of the auto parts company’s stock worth $246,698,000 after purchasing an additional 1,351,525 shares in the last quarter. Iridian Asset Management LLC CT lifted its position in Visteon by 4.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,365,431 shares of the auto parts company’s stock valued at $142,588,000 after acquiring an additional 94,781 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Visteon by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 809,360 shares of the auto parts company’s stock valued at $48,790,000 after acquiring an additional 36,129 shares during the last quarter. Forsta AP Fonden lifted its position in Visteon by 67.2% in the fourth quarter. Forsta AP Fonden now owns 378,300 shares of the auto parts company’s stock valued at $22,804,000 after acquiring an additional 152,000 shares during the last quarter. Finally, Norges Bank purchased a new stake in Visteon in the fourth quarter valued at $22,797,000.
VC stock opened at $61.46 on Friday. Visteon Corp has a 12 month low of $56.59 and a 12 month high of $139.45.
A number of brokerages recently weighed in on VC. TheStreet cut shares of Visteon from a “b-” rating to a “c” rating in a research report on Thursday, May 2nd. BMO Capital Markets reduced their price target on shares of Visteon to $83.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Jefferies Financial Group raised shares of Visteon from an “underperform” rating to a “hold” rating and reduced their target price for the company from $79.00 to $62.00 in a report on Monday, April 29th. They noted that the move was a valuation call. B. Riley cut shares of Visteon from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $75.00 in a report on Thursday, April 25th. Finally, Robert W. Baird raised shares of Visteon from a “neutral” rating to an “outperform” rating and upped their target price for the company from $87.00 to $108.00 in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $97.69.
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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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