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

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Visteon Co. (NASDAQ:VCGet Rating) by 15.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135,807 shares of the company’s stock after buying an additional 18,452 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Visteon were worth $14,821,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in shares of Visteon during the 1st quarter worth approximately $38,000. Strs Ohio grew its stake in shares of Visteon by 100.0% during the 1st quarter. Strs Ohio now owns 400 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Visteon during the 1st quarter worth approximately $48,000. Pictet Asset Management SA acquired a new stake in shares of Visteon during the 4th quarter worth approximately $200,000. Finally, Ellevest Inc. grew its stake in shares of Visteon by 134.9% during the 1st quarter. Ellevest Inc. now owns 2,072 shares of the company’s stock worth $226,000 after purchasing an additional 1,190 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently commented on VC. Wells Fargo & Company raised their price objective on shares of Visteon from $88.00 to $98.00 and gave the stock an “underweight” rating in a research note on Monday, July 11th. BNP Paribas raised shares of Visteon from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $133.00 in a research note on Monday, July 11th. Robert W. Baird lifted their price target on shares of Visteon from $131.00 to $142.00 in a research note on Friday, July 29th. Morgan Stanley lifted their price target on shares of Visteon from $91.00 to $107.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 2nd. Finally, TheStreet raised shares of Visteon from a “c+” rating to a “b-” rating in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.73.

Visteon Stock Up 0.0 %

NASDAQ VC opened at $126.85 on Monday. Visteon Co. has a 52 week low of $88.82 and a 52 week high of $140.44. The company has a quick ratio of 1.36, a current ratio of 1.75 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $124.48 and its 200-day simple moving average is $113.60. The firm has a market cap of $3.57 billion, a PE ratio of 43.89 and a beta of 1.78.

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

Insider Transactions at Visteon

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

Visteon Company Profile

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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

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Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

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