Fuller & Thaler Asset Management Inc. boosted its position in Visteon Corp (NYSE:VC) by 31.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,035 shares of the auto parts company’s stock after acquiring an additional 37,200 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Visteon were worth $19,526,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Visteon by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,815,769 shares of the auto parts company’s stock valued at $227,226,000 after acquiring an additional 11,660 shares in the last quarter. BlackRock Inc. raised its holdings in Visteon by 2.0% in the fourth quarter. BlackRock Inc. now owns 1,353,256 shares of the auto parts company’s stock valued at $169,348,000 after acquiring an additional 26,010 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Visteon by 3.8% in the fourth quarter. OppenheimerFunds Inc. now owns 1,049,828 shares of the auto parts company’s stock valued at $131,374,000 after acquiring an additional 38,646 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Visteon by 7.2% in the third quarter. Janus Henderson Group PLC now owns 825,572 shares of the auto parts company’s stock valued at $102,181,000 after acquiring an additional 55,325 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in Visteon by 3.2% in the third quarter. Eagle Asset Management Inc. now owns 671,302 shares of the auto parts company’s stock valued at $85,074,000 after acquiring an additional 20,570 shares in the last quarter.
Shares of Visteon Corp (VC) opened at $126.64 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3,940.00, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. Visteon Corp has a 1-year low of $91.20 and a 1-year high of $140.64.
Visteon declared that its Board of Directors has initiated a share repurchase program on Tuesday, January 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Visteon in a report on Wednesday, November 1st. Gabelli raised shares of Visteon from a “hold” rating to a “buy” rating in a report on Monday. Citigroup raised their price objective on shares of Visteon from $113.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. JPMorgan Chase & Co. cut shares of Visteon from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $142.00 to $137.00 in a report on Monday, January 22nd. Finally, BMO Capital Markets set a $160.00 price objective on shares of Visteon and gave the stock a “buy” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $136.50.
In other news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $125.00, for a total transaction of $312,500.00. Following the transaction, the chief executive officer now directly owns 8,595 shares in the company, valued at $1,074,375. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 15,000 shares of company stock worth $1,938,500. Insiders own 0.19% of the company’s stock.
Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.
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