New Mexico Educational Retirement Board reduced its position in Visteon Corp (NYSE:VC) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900 shares of the auto parts company’s stock after selling 1,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Visteon were worth $356,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VC. Raymond James & Associates lifted its stake in shares of Visteon by 12.2% in the second quarter. Raymond James & Associates now owns 11,515 shares of the auto parts company’s stock worth $1,488,000 after buying an additional 1,252 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Visteon by 22.2% in the second quarter. Bank of New York Mellon Corp now owns 2,476,560 shares of the auto parts company’s stock worth $320,071,000 after buying an additional 449,197 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Visteon by 50.9% in the third quarter. State of Alaska Department of Revenue now owns 3,416 shares of the auto parts company’s stock worth $317,000 after buying an additional 1,152 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Visteon by 22.0% in the third quarter. Bank of Montreal Can now owns 24,931 shares of the auto parts company’s stock worth $2,315,000 after buying an additional 4,504 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Visteon in the third quarter worth approximately $743,000.
In other Visteon news, Director Rouzbeh Yassini-Fard bought 2,000 shares of Visteon stock in a transaction on Wednesday, November 28th. The stock was acquired at an average cost of $75.57 per share, with a total value of $151,140.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $151,140. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.
VC has been the subject of several research reports. Morgan Stanley set a $71.00 price objective on shares of Visteon and gave the company a “sell” rating in a report on Tuesday, January 29th. TheStreet cut shares of Visteon from a “b-” rating to a “c” rating in a report on Thursday, October 25th. Jefferies Financial Group initiated coverage on shares of Visteon in a report on Tuesday, December 4th. They set an “underperform” rating and a $69.00 price objective for the company. Barclays set a $59.00 price objective on shares of Visteon and gave the company a “hold” rating in a report on Friday, January 4th. Finally, Deutsche Bank initiated coverage on shares of Visteon in a report on Thursday, December 13th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $118.31.
Shares of VC stock opened at $74.99 on Tuesday. Visteon Corp has a 12 month low of $56.59 and a 12 month high of $139.45.
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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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