Smith Asset Management Group LP lowered its position in shares of Visteon Corp. (NYSE:VC) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 612,940 shares of the company’s stock after selling 2,600 shares during the period. Smith Asset Management Group LP’s holdings in Visteon Corp. were worth $40,338,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Visteon Corp. during the fourth quarter worth $45,275,000. Copper Rock Capital Partners LLC bought a new stake in shares of Visteon Corp. during the second quarter worth $18,079,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Visteon Corp. by 2,682.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 150,457 shares of the company’s stock worth $11,975,000 after buying an additional 145,050 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Visteon Corp. by 42.4% in the first quarter. TIAA CREF Investment Management LLC now owns 470,756 shares of the company’s stock worth $37,467,000 after buying an additional 140,126 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Visteon Corp. by 31.5% in the first quarter. Loomis Sayles & Co. L P now owns 572,930 shares of the company’s stock worth $45,599,000 after buying an additional 137,192 shares during the period.

Shares of Visteon Corp. (NYSE:VC) traded down 1.30% during trading on Tuesday, hitting $71.46. The stock had a trading volume of 146,458 shares. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 38.79 and a beta of 1.38. Visteon Corp. has a one year low of $58.83 and a one year high of $121.65. The stock has a 50 day moving average price of $70.98 and a 200-day moving average price of $73.02.

Visteon Corp. (NYSE:VC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.55. Visteon Corp. had a return on equity of 11.55% and a net margin of 2.22%. The firm had revenue of $773 million for the quarter, compared to analyst estimates of $821.07 million. During the same quarter last year, the company earned $0.38 EPS. The company’s revenue was down 4.8% on a year-over-year basis. On average, equities research analysts predict that Visteon Corp. will post $4.45 earnings per share for the current year.

VC has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “buy” rating on shares of Visteon Corp. in a research note on Tuesday, June 28th. Zacks Investment Research raised Visteon Corp. from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Thursday, August 4th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $85.00 price objective on shares of Visteon Corp. in a research note on Friday, July 29th. FBR & Co reissued a “buy” rating and issued a $90.00 price objective on shares of Visteon Corp. in a research note on Sunday, June 19th. Finally, Deutsche Bank AG initiated coverage on Visteon Corp. in a research note on Wednesday, July 20th. They issued a “hold” rating and a $80.00 price objective on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Visteon Corp. has a consensus rating of “Hold” and an average price target of $87.93.

About Visteon Corp.

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.

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