Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Visteon Co. (NASDAQ:VC)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Visteon Co. (NASDAQ:VCGet Rating) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,807 shares of the company’s stock after acquiring an additional 18,452 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.48% of Visteon worth $14,821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Visteon by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,003 shares of the company’s stock valued at $328,000 after acquiring an additional 117 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Visteon by 6.7% in the first quarter. M&T Bank Corp now owns 3,051 shares of the company’s stock worth $333,000 after buying an additional 192 shares during the last quarter. Strs Ohio boosted its holdings in shares of Visteon by 100.0% in the first quarter. Strs Ohio now owns 400 shares of the company’s stock worth $43,000 after buying an additional 200 shares during the last quarter. Comerica Bank boosted its holdings in shares of Visteon by 2.1% in the first quarter. Comerica Bank now owns 13,236 shares of the company’s stock worth $1,324,000 after buying an additional 270 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Visteon by 11.3% in the first quarter. Bank of Montreal Can now owns 2,774 shares of the company’s stock worth $311,000 after buying an additional 282 shares during the last quarter.

Visteon Trading Up 0.0 %

Shares of VC opened at $126.85 on Monday. Visteon Co. has a twelve month low of $88.82 and a twelve month high of $140.44. The company has a market cap of $3.57 billion, a P/E ratio of 43.89 and a beta of 1.78. The company has a current ratio of 1.75, a quick ratio of 1.36 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $124.48 and its 200-day simple moving average is $113.60.

Visteon (NASDAQ:VCGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.80. Visteon had a net margin of 2.66% and a return on equity of 20.53%. The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $716.67 million. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was up 39.0% on a year-over-year basis. As a group, analysts expect that Visteon Co. will post 5.15 EPS for the current year.

Insider Transactions at Visteon

In other news, SVP Robert R. Vallance sold 8,471 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $125.25, for a total value of $1,060,992.75. Following the transaction, the senior vice president now directly owns 16,868 shares in the company, valued at $2,112,717. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Visteon news, CFO Jerome Rouquet sold 1,750 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $135.00, for a total transaction of $236,250.00. Following the transaction, the chief financial officer now directly owns 4,943 shares in the company, valued at approximately $667,305. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Robert R. Vallance sold 8,471 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $125.25, for a total transaction of $1,060,992.75. Following the transaction, the senior vice president now owns 16,868 shares in the company, valued at $2,112,717. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VC. The Goldman Sachs Group raised their price objective on shares of Visteon from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Wells Fargo & Company upped their price target on shares of Visteon from $88.00 to $98.00 and gave the stock an “underweight” rating in a research report on Monday, July 11th. TheStreet upgraded shares of Visteon from a “c+” rating to a “b-” rating in a research report on Monday, August 1st. BNP Paribas upgraded shares of Visteon from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $105.00 to $133.00 in a research report on Monday, July 11th. Finally, Morgan Stanley upped their price target on shares of Visteon from $91.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.73.

Visteon Company Profile

(Get Rating)

Visteon Corporation, an automotive technology company, engineers, designs, and manufactures automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters to 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as 3-D, active privacy, TrueColor enhancement, cameras, optics, haptic feedback, and light effects; and Phoenix, a display audio and embedded infotainment platform, as well as onboard artificial intelligence-based voice assistant with natural language understanding.

Further Reading

Want to see what other hedge funds are holding VC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visteon Co. (NASDAQ:VCGet Rating).

Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

Receive News & Ratings for Visteon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visteon and related companies with MarketBeat.com's FREE daily email newsletter.