Mesirow Financial Investment Management Equity Management Sells 31,850 Shares of Visteon Corporation (NYSE:VC)

Mesirow Financial Investment Management Equity Management lowered its position in shares of Visteon Corporation (NYSE:VC) by 17.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,592 shares of the auto parts company’s stock after selling 31,850 shares during the period. Mesirow Financial Investment Management Equity Management owned 0.50% of Visteon Corporation worth $15,880,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of VC. Navellier & Associates Inc boosted its position in shares of Visteon Corporation by 2.5% in the first quarter. Navellier & Associates Inc now owns 4,593 shares of the auto parts company’s stock worth $450,000 after buying an additional 112 shares in the last quarter. Affinity Wealth Management raised its position in Visteon Corporation by 4.6% in the first quarter. Affinity Wealth Management now owns 4,362 shares of the auto parts company’s stock worth $427,000 after buying an additional 190 shares during the last quarter. Eagle Global Advisors LLC raised its position in Visteon Corporation by 1.1% in the first quarter. Eagle Global Advisors LLC now owns 25,255 shares of the auto parts company’s stock worth $2,474,000 after buying an additional 265 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in Visteon Corporation by 47.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,080 shares of the auto parts company’s stock worth $106,000 after buying an additional 350 shares during the last quarter. Finally, Creative Planning raised its position in Visteon Corporation by 19.2% in the second quarter. Creative Planning now owns 2,170 shares of the auto parts company’s stock worth $221,000 after buying an additional 350 shares during the last quarter.

Visteon Corporation (NYSE VC) opened at 113.39 on Friday. Visteon Corporation has a 52 week low of $64.95 and a 52 week high of $116.78. The company’s 50-day moving average is $109.18 and its 200 day moving average is $99.97. The stock has a market cap of $3.53 billion, a PE ratio of 27.41 and a beta of 0.91.

Visteon Corporation (NYSE:VC) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.14. The firm had revenue of $774 million for 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 business posted $1.22 earnings per share. On average, analysts expect that Visteon Corporation will post $6.11 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Barclays PLC reaffirmed an “equal weight” rating and issued a $98.00 price objective (up previously from $97.00) on shares of Visteon Corporation in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Visteon Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets boosted their price target on shares of Visteon Corporation from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Wells Fargo & Company raised shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $140.00 price target on the stock in a research report on Monday, July 31st. Finally, UBS AG lowered shares of Visteon Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $108.00 to $113.00 in a research report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $113.00.

In other news, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total transaction of $265,566.42. Following the sale, the insider now owns 300 shares in the company, valued at $33,279. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.19% of the company’s stock.

Visteon Corporation Company 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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