Visteon Corporation (VC) Shares Bought by Timpani Capital Management LLC

Timpani Capital Management LLC raised its stake in shares of Visteon Corporation (NYSE:VC) by 48.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,126 shares of the auto parts company’s stock after acquiring an additional 6,525 shares during the quarter. Timpani Capital Management LLC owned approximately 0.06% of Visteon Corporation worth $2,054,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Eagle Global Advisors LLC increased 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 purchasing an additional 265 shares during the period. Creative Planning increased 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 purchasing an additional 350 shares during the period. Swiss National Bank increased its position in Visteon Corporation by 0.7% in the first quarter. Swiss National Bank now owns 56,000 shares of the auto parts company’s stock worth $5,485,000 after purchasing an additional 400 shares during the period. State Board of Administration of Florida Retirement System increased its position in Visteon Corporation by 1.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 52,264 shares of the auto parts company’s stock worth $5,119,000 after purchasing an additional 492 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Visteon Corporation by 64.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the auto parts company’s stock worth $137,000 after buying an additional 526 shares during the period.

Several research firms have recently issued reports on VC. Barclays PLC reiterated an “equal weight” rating and issued a $98.00 price objective (up from $97.00) on shares of Visteon Corporation in a research report 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 target price 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 target price on the stock in a research note on Monday, July 31st. Finally, BMO Capital Markets boosted their target price 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $113.00.

In other Visteon Corporation news, insider Sunil K. Bilolikar sold 2,394 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $110.93, for a total value 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Matthew M. Cole sold 1,359 shares of the company’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 completion of 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. Corporate insiders own 0.19% of the company’s stock.

Shares of Visteon Corporation (NYSE:VC) traded up 0.50% during trading on Friday, hitting $119.70. The stock had a trading volume of 291,509 shares. The company has a market capitalization of $3.73 billion, a PE ratio of 28.93 and a beta of 0.81. Visteon Corporation has a 52 week low of $64.95 and a 52 week high of $120.24. The firm has a 50-day moving average price of $114.07 and a 200 day moving average price of $103.17.

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

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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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