Visteon Co. (NASDAQ:VC) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Visteon Co. (NASDAQ:VC) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,253 shares of the company’s stock after selling 2,670 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Visteon were worth $9,649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Advisors Preferred LLC acquired a new stake in shares of Visteon during the fourth quarter worth $2,207,000. Washington Capital Management Inc. purchased a new stake in shares of Visteon during the fourth quarter valued at approximately $575,000. Tectonic Advisors LLC acquired a new position in shares of Visteon during the fourth quarter worth $3,187,000. Pacer Advisors Inc. boosted its stake in shares of Visteon by 70.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,210 shares of the company’s stock valued at $1,025,000 after purchasing an additional 3,395 shares during the period. Finally, American Century Companies Inc. grew its holdings in Visteon by 27.4% during the 3rd quarter. American Century Companies Inc. now owns 10,625 shares of the company’s stock valued at $1,467,000 after purchasing an additional 2,285 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the topic of a number of recent analyst reports. Barclays upgraded shares of Visteon from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $140.00 to $145.00 in a report on Wednesday. UBS Group upgraded Visteon from a “neutral” rating to a “buy” rating and raised their price objective for the company from $143.00 to $145.00 in a research note on Wednesday, January 17th. Royal Bank of Canada dropped their price objective on Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. reduced their target price on Visteon from $160.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Finally, StockNews.com upgraded shares of Visteon from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.50.

Visteon Stock Down 4.2 %

Shares of NASDAQ:VC opened at $108.87 on Friday. Visteon Co. has a 1-year low of $108.65 and a 1-year high of $159.87. The company’s fifty day moving average is $115.62 and its two-hundred day moving average is $120.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.42 and a current ratio of 1.74. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.51 and a beta of 1.65.

Visteon (NASDAQ:VC) last issued its earnings results on Tuesday, February 20th. The company reported $13.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $10.92. The firm had revenue of $990.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Visteon had a net margin of 12.29% and a return on equity of 57.45%. Visteon’s revenue was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.32 earnings per share. Equities analysts anticipate that Visteon Co. will post 8.72 EPS for the current year.

Visteon Profile

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