State of Tennessee Treasury Department lessened its position in shares of Visteon Corporation (NYSE:VC) by 62.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,816 shares of the auto parts company’s stock after selling 63,056 shares during the period. State of Tennessee Treasury Department owned approximately 0.12% of Visteon Corporation worth $3,859,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Visteon Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,649,549 shares of the auto parts company’s stock worth $259,523,000 after acquiring an additional 55,541 shares in the last quarter. BlackRock Inc. raised its stake in Visteon Corporation by 7,509.9% during the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock valued at $134,341,000 after buying an additional 1,353,504 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Visteon Corporation by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 866,608 shares of the auto parts company’s stock valued at $84,884,000 after buying an additional 21,905 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Visteon Corporation by 49.0% during the first quarter. OppenheimerFunds Inc. now owns 774,691 shares of the auto parts company’s stock valued at $75,881,000 after buying an additional 254,832 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in Visteon Corporation by 100.7% during the first quarter. Systematic Financial Management LP now owns 764,142 shares of the auto parts company’s stock valued at $74,848,000 after buying an additional 383,398 shares in the last quarter.

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In other Visteon Corporation news, insider Sunil K. Bilolikar sold 2,394 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total transaction of $265,566.42. Following the completion of the transaction, the insider now owns 300 shares in the company, valued at $33,279. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew M. Cole sold 1,359 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.19, for a total transaction of $155,184.21. Following the transaction, the insider now owns 693 shares of the company’s stock, valued at approximately $79,133.67. The disclosure for this sale can be found here. 0.19% of the stock is owned by company insiders.

Several brokerages have issued reports on VC. Barclays PLC restated an “equal weight” rating and set a $98.00 price objective (up previously from $97.00) on shares of Visteon Corporation in a research note on Wednesday, August 2nd. BidaskClub cut Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Thursday, July 13th. Wells Fargo & Company upgraded Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price objective on the stock in a research note on Monday, July 31st. Finally, BMO Capital Markets upped their price objective on Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $113.00.

Visteon Corporation (NYSE:VC) opened at 119.02 on Thursday. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 28.77 and a beta of 0.81. Visteon Corporation has a one year low of $64.95 and a one year high of $119.46. The company has a 50-day moving average price of $113.31 and a 200-day moving average price of $102.76.

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

About Visteon Corporation

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

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