Wells Fargo & Company MN Sells 24,055 Shares of Visteon Corp (NYSE:VC)

Wells Fargo & Company MN trimmed its position in Visteon Corp (NYSE:VC) by 13.8% in the 2nd quarter, Holdings Channel reports. The firm owned 149,704 shares of the auto parts company’s stock after selling 24,055 shares during the quarter. Wells Fargo & Company MN’s holdings in Visteon were worth $8,770,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. TD Asset Management Inc. boosted its holdings in Visteon by 25.2% in the 2nd quarter. TD Asset Management Inc. now owns 89,250 shares of the auto parts company’s stock valued at $5,228,000 after purchasing an additional 17,948 shares during the period. Keybank National Association OH bought a new position in Visteon in the 2nd quarter valued at $511,000. Robecosam AG boosted its holdings in Visteon by 13.8% in the 2nd quarter. Robecosam AG now owns 491,500 shares of the auto parts company’s stock valued at $28,310,000 after purchasing an additional 59,500 shares during the period. Tocqueville Asset Management L.P. bought a new position in Visteon in the 2nd quarter valued at $4,459,000. Finally, Aperio Group LLC boosted its holdings in Visteon by 84.9% in the 2nd quarter. Aperio Group LLC now owns 19,758 shares of the auto parts company’s stock valued at $1,157,000 after purchasing an additional 9,073 shares during the period.

Shares of VC traded up $0.60 during mid-day trading on Friday, hitting $81.95. 6,693 shares of the company traded hands, compared to its average volume of 615,643. The stock has a 50-day moving average price of $66.62 and a two-hundred day moving average price of $64.86. Visteon Corp has a 1 year low of $44.04 and a 1 year high of $108.42.

Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.07). The firm had revenue of $733.00 million for the quarter, compared to analysts’ expectations of $719.55 million. During the same period last year, the firm earned $1.37 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year.

In related news, Director Harry James Wilson acquired 2,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average cost of $53.92 per share, with a total value of $107,840.00. Following the completion of the acquisition, the director now directly owns 12,000 shares of the company’s stock, valued at $647,040. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.19% of the stock is owned by insiders.

Several research analysts have commented on VC shares. Zacks Investment Research raised shares of Visteon from a “strong sell” rating to a “hold” rating in a report on Thursday, August 29th. Longbow Research set a $85.00 target price on shares of Visteon and gave the stock a “buy” rating in a report on Tuesday, June 11th. Deutsche Bank set a $64.00 target price on shares of Visteon and gave the stock a “hold” rating in a report on Friday, July 26th. Barclays set a $60.00 target price on shares of Visteon and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada set a $65.00 target price on shares of Visteon and gave the stock a “hold” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $73.53.

About Visteon

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.

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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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