Eagle Asset Management Inc. Grows Stake in Visteon Corp (VC)

Eagle Asset Management Inc. lifted its position in shares of Visteon Corp (NYSE:VC) by 34.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 893,987 shares of the auto parts company’s stock after buying an additional 228,310 shares during the quarter. Eagle Asset Management Inc. owned approximately 3.03% of Visteon worth $98,553,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VC. US Bancorp DE raised its stake in shares of Visteon by 261.2% during the 1st quarter. US Bancorp DE now owns 1,293 shares of the auto parts company’s stock worth $143,000 after buying an additional 935 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Visteon by 42.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,758 shares of the auto parts company’s stock worth $220,000 after buying an additional 526 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Visteon during the 4th quarter worth $287,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Visteon by 644.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,294 shares of the auto parts company’s stock worth $287,000 after buying an additional 1,986 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Visteon during the 4th quarter worth $301,000.

VC opened at $134.09 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.76 and a current ratio of 1.97. Visteon Corp has a 12 month low of $130.74 and a 12 month high of $131.54.

Visteon (NYSE:VC) last posted its quarterly earnings results on Thursday, April 26th. The auto parts company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.79 by $0.29. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $832.35 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. research analysts predict that Visteon Corp will post 6.23 EPS for the current year.

In other Visteon news, CEO Sachin Lawande sold 2,500 shares of Visteon stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $125.00, for a total value of $312,500.00. Following the completion of the sale, the chief executive officer now owns 32,527 shares in the company, valued at approximately $4,065,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is owned by insiders.

VC has been the subject of several research reports. Robert W. Baird lifted their price target on Visteon from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, April 9th. Morgan Stanley cut Visteon from an “overweight” rating to an “underweight” rating and set a $110.00 price objective for the company. in a research report on Thursday, March 22nd. JPMorgan Chase cut Visteon from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $142.00 to $137.00 in a research report on Monday, January 22nd. Royal Bank of Canada dropped their price objective on Visteon to $131.00 and set a “sector perform” rating for the company in a research report on Sunday, January 21st. Finally, Zacks Investment Research cut Visteon from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. Visteon has an average rating of “Buy” and an average target price of $140.33.

Visteon Profile

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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Institutional Ownership by Quarter for Visteon (NYSE:VC)

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