Public Employees Retirement System of Ohio Has $12.01 Million Holdings in Visteon Corporation (NYSE:VC)

Public Employees Retirement System of Ohio trimmed its holdings in Visteon Corporation (NYSE:VC) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,705 shares of the auto parts company’s stock after selling 21,708 shares during the period. Public Employees Retirement System of Ohio owned about 0.38% of Visteon Corporation worth $12,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in VC. BlackRock Inc. lifted its position in shares of Visteon Corporation by 7,509.9% in the first quarter. BlackRock Inc. now owns 1,371,527 shares of the auto parts company’s stock worth $134,341,000 after buying an additional 1,353,504 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Visteon Corporation during the second quarter worth approximately $78,611,000. Janus Capital Management LLC increased its stake in Visteon Corporation by 1,987.7% during the first quarter. Janus Capital Management LLC now owns 459,296 shares of the auto parts company’s stock worth $44,988,000 after acquiring an additional 437,296 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Visteon Corporation by 36.4% during the second quarter. Eagle Asset Management Inc. now owns 650,732 shares of the auto parts company’s stock worth $66,413,000 after acquiring an additional 173,822 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Visteon Corporation by 182.1% during the second quarter. Ameriprise Financial Inc. now owns 252,028 shares of the auto parts company’s stock worth $25,721,000 after acquiring an additional 162,689 shares during the last quarter.

Shares of Visteon Corporation (VC) traded down 0.30% during mid-day trading on Friday, hitting $126.19. The stock had a trading volume of 268,965 shares. The firm has a market cap of $3.93 billion, a PE ratio of 30.50 and a beta of 0.85. The stock’s 50-day moving average is $122.57 and its 200 day moving average is $108.87. Visteon Corporation has a 12 month low of $67.36 and a 12 month high of $128.39.

Visteon Corporation (NYSE:VC) last issued its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million for the quarter, compared to the consensus estimate of $761.95 million. Visteon Corporation had a net margin of 4.83% and a return on equity of 29.44%. Visteon Corporation’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. Equities research analysts predict that Visteon Corporation will post $6.13 earnings per share for the current fiscal year.

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In other news, CEO Sachin Lawande sold 2,004 shares of Visteon Corporation stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $123.90, for a total value of $248,295.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sunil K. Bilolikar sold 2,394 shares of Visteon Corporation 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 transaction, the insider now directly owns 300 shares in the company, valued at approximately $33,279. The disclosure for this sale can be found here. Insiders have sold a total of 7,375 shares of company stock worth $864,312 over the last 90 days. 0.19% of the stock is owned by insiders.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised 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. Gabelli cut Visteon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. UBS AG cut Visteon Corporation from a “buy” rating to a “neutral” rating and upped their target price for the company from $108.00 to $113.00 in a research note on Monday, July 31st. Barclays PLC upped their target price on Visteon Corporation from $107.00 to $112.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, BMO Capital Markets raised Visteon Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the company from $104.00 to $115.00 in a research note on Friday, September 22nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Visteon Corporation currently has an average rating of “Buy” and a consensus price target of $121.64.

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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