Ajo LP lowered its stake in shares of Visteon Corporation (NYSE:VC) by 20.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 438,288 shares of the auto parts company’s stock after selling 112,494 shares during the period. Ajo LP owned approximately 1.41% of Visteon Corporation worth $44,732,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Timpani Capital Management LLC boosted its stake in Visteon Corporation by 48.0% during the 2nd quarter. Timpani Capital Management LLC now owns 20,126 shares of the auto parts company’s stock valued at $2,054,000 after purchasing an additional 6,525 shares during the last quarter. Century Capital Management LLC boosted its stake in Visteon Corporation by 17.4% during the 2nd quarter. Century Capital Management LLC now owns 10,366 shares of the auto parts company’s stock valued at $1,058,000 after purchasing an additional 1,533 shares during the last quarter. AXA acquired a new position in Visteon Corporation during the 2nd quarter valued at about $531,000. Blue Rock Advisors LLC acquired a new position in Visteon Corporation during the 2nd quarter valued at about $599,000. Finally, JPMorgan Chase & Co. boosted its stake in Visteon Corporation by 29.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 175,085 shares of the auto parts company’s stock valued at $17,869,000 after purchasing an additional 39,689 shares during the last quarter.

In related news, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.19, for a total value of $155,184.21. Following the sale, the insider now owns 693 shares in the company, valued at $79,133.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sunil K. Bilolikar sold 2,394 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total transaction of $265,566.42. Following the completion of the sale, the insider now owns 300 shares in the company, valued at approximately $33,279. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

Several research firms have commented on VC. Morgan Stanley dropped their target price on shares of Visteon Corporation from $115.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, June 9th. BidaskClub raised shares of Visteon Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Gabelli cut shares of Visteon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. They noted that the move was a valuation call. BMO Capital Markets lifted their target price on shares of Visteon Corporation from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $110.00 target price on shares of Visteon Corporation in a research report on Wednesday, June 21st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Visteon Corporation has an average rating of “Buy” and a consensus price target of $113.00.

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Shares of Visteon Corporation (VC) opened at 118.77 on Wednesday. Visteon Corporation has a 12-month low of $64.95 and a 12-month high of $119.46. The company has a market cap of $3.70 billion, a PE ratio of 28.71 and a beta of 0.81. The company has a 50 day moving average of $112.99 and a 200-day moving average of $102.57.

Visteon Corporation (NYSE:VC) last issued its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.14. Visteon Corporation had a net margin of 4.35% and a return on equity of 27.56%. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $770.96 million. During the same quarter last year, the company posted $1.22 earnings per share. The firm’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts anticipate that Visteon Corporation will post $6.11 earnings per share for the current year.

Visteon Corporation 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.

Institutional Ownership by Quarter for Visteon Corporation (NYSE:VC)

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