Bank of New York Mellon Corp Sells 114,113 Shares of Visteon Corporation (NASDAQ:VC)

Bank of New York Mellon Corp lowered its stake in Visteon Corporation (NASDAQ:VC - Free Report) by 17.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,743 shares of the company's stock after selling 114,113 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.95% of Visteon worth $40,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Visteon by 12.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,288 shares of the company's stock worth $571,000 after acquiring an additional 799 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Visteon by 7.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock valued at $32,526,000 after buying an additional 25,319 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Visteon during the 1st quarter valued at about $472,000. Sei Investments Co. lifted its holdings in shares of Visteon by 93.2% during the 4th quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after buying an additional 71,202 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Visteon by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock valued at $58,231,000 after acquiring an additional 17,526 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

Shares of NASDAQ VC traded down $1.14 during trading hours on Friday, reaching $109.27. 131,550 shares of the stock were exchanged, compared to its average volume of 340,563. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 10.24 and a beta of 1.21. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.50 and a current ratio of 1.83. Visteon Corporation has a 52 week low of $65.10 and a 52 week high of $117.94. The stock's fifty day simple moving average is $92.54 and its 200 day simple moving average is $85.20.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.95% and a net margin of 7.68%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. During the same quarter last year, the company earned $1.61 EPS. The company's revenue was up .1% on a year-over-year basis. Sell-side analysts predict that Visteon Corporation will post 8.42 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group reaffirmed a "neutral" rating and issued a $76.00 price target (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Wolfe Research raised Visteon from a "peer perform" rating to an "outperform" rating and set a $123.00 price target on the stock in a research report on Wednesday, July 2nd. Barclays boosted their price objective on Visteon from $95.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Visteon from $101.00 to $106.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, The Goldman Sachs Group raised Visteon from a "neutral" rating to a "buy" rating and boosted their price target for the company from $83.00 to $120.00 in a research note on Friday, July 11th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $106.25.

Insider Buying and Selling at Visteon

In other news, SVP Robert R. Vallance sold 2,000 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $100.15, for a total value of $200,300.00. Following the completion of the sale, the senior vice president owned 20,838 shares of the company's stock, valued at approximately $2,086,925.70. This represents a 8.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.