Mercer Global Advisors Inc. ADV Invests $298,000 in Visteon Corp (VC) Stock

Mercer Global Advisors Inc. ADV acquired a new position in Visteon Corp (NYSE:VC) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,941 shares of the auto parts company’s stock, valued at approximately $298,000.

A number of other institutional investors have also recently bought and sold shares of VC. Alliancebernstein L.P. lifted its holdings in Visteon by 5.2% in the 3rd quarter. Alliancebernstein L.P. now owns 17,399 shares of the auto parts company’s stock worth $1,616,000 after purchasing an additional 865 shares in the last quarter. FMR LLC lifted its holdings in Visteon by 8.3% in the 3rd quarter. FMR LLC now owns 250,336 shares of the auto parts company’s stock worth $23,256,000 after purchasing an additional 19,251 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Visteon by 1,897.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,276 shares of the auto parts company’s stock worth $4,112,000 after purchasing an additional 42,059 shares in the last quarter. Deutsche Bank AG lifted its holdings in Visteon by 49.9% in the 3rd quarter. Deutsche Bank AG now owns 146,008 shares of the auto parts company’s stock worth $13,561,000 after purchasing an additional 48,605 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Visteon in the 3rd quarter worth approximately $1,008,000.

A number of analysts have issued reports on VC shares. Robert W. Baird downgraded Visteon from an “outperform” rating to a “neutral” rating in a research note on Friday, January 4th. Barclays set a $59.00 price objective on Visteon and gave the stock a “hold” rating in a research note on Friday, January 4th. Morgan Stanley set a $71.00 price objective on Visteon and gave the stock a “sell” rating in a research note on Tuesday, January 29th. Longbow Research set a $110.00 price objective on Visteon and gave the stock a “buy” rating in a research note on Friday, February 22nd. Finally, BMO Capital Markets lifted their price objective on Visteon from $91.00 to $103.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Visteon currently has a consensus rating of “Hold” and an average target price of $100.50.

NYSE VC opened at $82.44 on Monday. Visteon Corp has a fifty-two week low of $56.59 and a fifty-two week high of $139.45.

Visteon (NYSE:VC) last released its earnings results on Thursday, February 21st. The auto parts company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.49. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $721.02 million. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS.

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About Visteon

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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