In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Visteon Corp (NYSE:VC) reported that Bank of New York Mellon Corp has picked up 1,593,321 of common stock as of 2017-04-10.
The acquisition brings the aggregate amount owned by Bank Of New York Mellon Corp to a total of 1,593,321 representing a 4.86% stake in the company.
For those not familiar with the company, 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. It designs and manufacturers vehicle cockpit electronics components, modules and systems. It offers a range of information displays incorporating a sleek profile, craftsmanship and touch sensors, designed to deliver high performance for the automotive market. It offers a range of audio products, including audio head units, and analog and digital radios, which deliver consumer device connectivity. It offers an automotive-grade, integrated domain controller approach, called Smartcore.
A glance at Visteon Corp (NYSE:VC)’s key stats reveals a current market capitalization of 3.12 Billion based on 32.81 Million shares outstanding and a price at last close of $95.22 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-24, Manzo picked up 400 at a purchase price of $95.72. This brings their total holding to 2,000 as of the date of the filing.
On the sell side, the most recent transaction saw Vallance unload 590 shares at a sale price of $94.49. This brings their total holding to 2,980.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Visteon Corp (NYSE:VC) as things move forward to see if its progress aligns with these transactions.
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