California Public Employees Retirement System reduced its holdings in Visteon Corporation (NYSE:VC) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,600 shares of the auto parts company’s stock after selling 4,100 shares during the period. California Public Employees Retirement System owned about 0.39% of Visteon Corporation worth $12,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in VC. BNP Paribas Arbitrage SA lifted its stake in Visteon Corporation by 64.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after acquiring an additional 526 shares in the last quarter. Riverhead Capital Management LLC purchased a new stake in Visteon Corporation in the 2nd quarter worth about $153,000. World Asset Management Inc purchased a new stake in Visteon Corporation in the 1st quarter worth about $201,000. Fox Run Management L.L.C. purchased a new stake in Visteon Corporation in the 2nd quarter worth about $204,000. Finally, KCG Holdings Inc. purchased a new stake in Visteon Corporation in the 1st quarter worth about $209,000.

VC has been the topic of several research reports. Zacks Investment Research raised Visteon Corporation from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Thursday, July 13th. Gabelli lowered 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. UBS AG lowered Visteon Corporation from a “buy” rating to a “neutral” rating and upped their target price for the stock from $108.00 to $113.00 in a research report on Monday, July 31st. BMO Capital Markets raised Visteon Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $104.00 to $115.00 in a research report on Friday, September 22nd. Finally, BidaskClub raised Visteon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $115.62.

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In related news, insider Robert R. Vallance sold 1,106 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $121.12, for a total transaction of $133,958.72. Following the sale, the insider now owns 4,086 shares in the company, valued at $494,896.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sunil K. Bilolikar sold 2,394 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $110.93, for a total value of $265,566.42. Following 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. Insiders have sold 5,371 shares of company stock worth $616,016 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.

Visteon Corporation (VC) opened at 127.78 on Thursday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 30.89 and a beta of 0.85. Visteon Corporation has a one year low of $64.95 and a one year high of $128.15. The stock’s 50 day moving average price is $118.40 and its 200-day moving average price is $105.88.

Visteon Corporation (NYSE:VC) last released its earnings results on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.14. Visteon Corporation had a return on equity of 27.56% and a net margin of 4.35%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $770.96 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. Visteon Corporation’s revenue was up .1% on a year-over-year basis. Analysts forecast that Visteon Corporation will post $6.11 earnings per share 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.

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

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