Putnam Investments LLC trimmed its position in Visteon Co. (NASDAQ:VC – Get Rating) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,362 shares of the company’s stock after selling 1,339 shares during the quarter. Putnam Investments LLC owned 0.07% of Visteon worth $2,054,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Visteon by 20.6% during the 1st quarter. American Century Companies Inc. now owns 5,135 shares of the company’s stock valued at $561,000 after acquiring an additional 877 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Visteon by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $328,000 after acquiring an additional 117 shares during the period. AlphaCrest Capital Management LLC lifted its position in shares of Visteon by 28.4% during the 1st quarter. AlphaCrest Capital Management LLC now owns 4,003 shares of the company’s stock valued at $437,000 after acquiring an additional 885 shares during the period. Bank of Montreal Can lifted its position in shares of Visteon by 11.3% during the 1st quarter. Bank of Montreal Can now owns 2,774 shares of the company’s stock valued at $311,000 after acquiring an additional 282 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Visteon during the 1st quarter valued at $38,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on VC. Cowen upped their target price on Visteon from $164.00 to $195.00 in a research report on Friday, February 17th. Citigroup upped their target price on Visteon from $129.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, January 13th. Robert W. Baird upped their price objective on Visteon from $163.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th. The Goldman Sachs Group upped their price objective on Visteon from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, February 17th. Finally, Royal Bank of Canada upped their price objective on Visteon from $169.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Visteon currently has an average rating of “Hold” and a consensus price target of $151.21.
Visteon Price Performance
Visteon Company Profile
Visteon Corp. engages in the design, engineering, and manufacture of electronics products, automotive vehicles and supplies automotive parts. Its products include Instrument Clusters, Information Displays,Telematics Solutions, Head-Up Displays, Domain Controller and DriveCore Autonomous. The company was founded on January 5, 2000 and is headquartered in Van Buren Township, MI.
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