Principal Financial Group Inc. boosted its stake in Visteon Corp. (NYSE:VC) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,625 shares of the company’s stock after buying an additional 12,420 shares during the period. Principal Financial Group Inc. owned approximately 0.61% of Visteon Corp. worth $13,730,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Picton Mahoney Asset Management boosted its stake in shares of Visteon Corp. by 62.5% in the first quarter. Picton Mahoney Asset Management now owns 1,300 shares of the company’s stock valued at $103,000 after buying an additional 500 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Visteon Corp. by 8.1% in the first quarter. M&T Bank Corp now owns 2,946 shares of the company’s stock valued at $234,000 after buying an additional 222 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Visteon Corp. by 40.9% in the second quarter. Victory Capital Management Inc. now owns 4,049 shares of the company’s stock valued at $267,000 after buying an additional 1,175 shares in the last quarter. BlackRock Japan Co. Ltd purchased a new stake in shares of Visteon Corp. during the first quarter valued at $277,000. Finally, Navellier & Associates Inc boosted its stake in shares of Visteon Corp. by 0.5% in the second quarter. Navellier & Associates Inc now owns 4,595 shares of the company’s stock valued at $302,000 after buying an additional 23 shares in the last quarter.
Shares of Visteon Corp. (NYSE:VC) opened at 70.42 on Friday. The firm has a 50-day moving average price of $71.36 and a 200-day moving average price of $72.63. Visteon Corp. has a 1-year low of $58.83 and a 1-year high of $121.65. The stock has a market capitalization of $2.40 billion, a PE ratio of 38.23 and a beta of 1.29.
Visteon Corp. (NYSE:VC) last released its earnings results on Thursday, July 28th. The company reported $1.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.55. Visteon Corp. had a return on equity of 11.55% and a net margin of 2.22%. The firm earned $773 million during the quarter, compared to analysts’ expectations of $821.07 million. During the same period in the previous year, the firm posted $0.38 EPS. Visteon Corp.’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that Visteon Corp. will post $4.45 earnings per share for the current year.
Several equities research analysts have weighed in on VC shares. Robert W. Baird reiterated a “buy” rating on shares of Visteon Corp. in a report on Tuesday, June 28th. Zacks Investment Research upgraded Visteon Corp. from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $85.00 target price on shares of Visteon Corp. in a report on Friday, July 29th. FBR & Co reiterated a “buy” rating and issued a $90.00 target price on shares of Visteon Corp. in a report on Sunday, June 19th. Finally, Deutsche Bank AG initiated coverage on Visteon Corp. in a research note on Wednesday, July 20th. They set a “hold” rating and a $80.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Visteon Corp. has an average rating of “Hold” and an average price target of $88.21.
About Visteon Corp.
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures products for original equipment vehicle manufacturer (OEM) across the world, including Ford, Nissan, Renault, Mazda, BMW, General Motors and Honda. The Company’s segments include Electronics, which provides vehicle cockpit electronics products to customers, including audio systems, information displays, instrument clusters, head up displays, infotainment systems and telematics solutions, and Other, which includes entities located in Europe.
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