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

Mirae Asset Global Investments Co. Ltd. lifted its position in Visteon Corporation (NASDAQ:VC) by 12.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,288 shares of the company’s stock after buying an additional 799 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Visteon were worth $571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of VC. UMB Bank n.a. lifted its holdings in shares of Visteon by 286.7% during the 1st quarter. UMB Bank n.a. now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 324 shares during the last quarter. Parallel Advisors LLC lifted its stake in Visteon by 558.9% in the first quarter. Parallel Advisors LLC now owns 481 shares of the company’s stock valued at $37,000 after buying an additional 408 shares during the period. Quadrant Capital Group LLC raised its holdings in Visteon by 225.3% during the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company’s stock worth $44,000 after buying an additional 347 shares during the period. Signaturefd LLC grew its holdings in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares in the last quarter. Finally, CX Institutional acquired a new stake in Visteon during the 1st quarter valued at $63,000. 99.71% of the stock is owned by institutional investors.

Insider Transactions at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $100.15, for a total value of $200,300.00. Following the sale, the senior vice president directly owned 20,838 shares of the company’s stock, valued at approximately $2,086,925.70. The trade was a 8.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VC shares. Morgan Stanley decreased their price target on Visteon from $95.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Robert W. Baird upped their target price on Visteon from $76.00 to $86.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. Wells Fargo & Company upped their price objective on shares of Visteon from $101.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. UBS Group reiterated a “neutral” rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Wolfe Research raised Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 price objective on the stock in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Visteon has a consensus rating of “Hold” and a consensus target price of $98.69.

Visteon Price Performance

VC opened at $103.34 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.83 and a quick ratio of 1.50. Visteon Corporation has a 1 year low of $65.10 and a 1 year high of $117.94. The firm has a market capitalization of $2.82 billion, a PE ratio of 9.69 and a beta of 1.21. The business’s 50-day moving average is $87.46 and its two-hundred day moving average is $83.86.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $906.38 million. During the same period in the prior year, the company posted $1.61 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. Research analysts anticipate that Visteon Corporation will post 8.42 earnings per share for the current fiscal year.

About Visteon

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.