BlackRock Group LTD Has $6,576,000 Position in Visteon Corporation (VC)
BlackRock Group LTD increased its position in Visteon Corporation (NYSE:VC) by 112.0% during the third quarter, Holdings Channel reports. The firm owned 91,766 shares of the company’s stock after buying an additional 48,472 shares during the period. BlackRock Group LTD’s holdings in Visteon Corporation were worth $6,576,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of VC. Dynamic Technology Lab Private Ltd bought a new position in Visteon Corporation during the second quarter worth approximately $495,000. Principal Financial Group Inc. boosted its position in Visteon Corporation by 6.3% in the second quarter. Principal Financial Group Inc. now owns 208,625 shares of the company’s stock worth $13,730,000 after buying an additional 12,420 shares during the period. Dimensional Fund Advisors LP boosted its position in Visteon Corporation by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,478,793 shares of the company’s stock worth $97,325,000 after buying an additional 112,206 shares during the period. Teacher Retirement System of Texas boosted its position in Visteon Corporation by 8.5% in the second quarter. Teacher Retirement System of Texas now owns 5,452 shares of the company’s stock worth $359,000 after buying an additional 429 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Visteon Corporation by 40.9% in the second quarter. Victory Capital Management Inc. now owns 4,049 shares of the company’s stock worth $267,000 after buying an additional 1,175 shares during the period.
Visteon Corporation (NYSE:VC) opened at 87.69 on Friday. Visteon Corporation has a 12-month low of $58.83 and a 12-month high of $104.50. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 34.98 and a beta of 1.04. The firm’s 50-day moving average is $82.17 and its 200 day moving average is $73.18.
Visteon Corporation (NYSE:VC) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.31. Visteon Corporation had a return on equity of 20.06% and a net margin of 2.98%. The company earned $770 million during the quarter, compared to analyst estimates of $780.14 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Visteon Corporation’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts expect that Visteon Corporation will post $4.82 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on the stock. Barclays PLC increased their target price on shares of Visteon Corporation from $83.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday. Raymond James Financial, Inc. raised shares of Visteon Corporation from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a report on Wednesday. FBR & Co reissued an “outperform” rating and issued a $90.00 target price on shares of Visteon Corporation in a report on Wednesday, December 7th. Zacks Investment Research cut shares of Visteon Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Finally, BMO Capital Markets began coverage on shares of Visteon Corporation in a report on Tuesday, December 20th. They issued a “market perform” rating and a $85.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $86.94.
Visteon Corporation Company Profile
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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