Allianz Asset Management GmbH Has $8.98 Million Stake in Visteon Corporation $VC

Allianz Asset Management GmbH increased its stake in Visteon Corporation (NASDAQ:VC) by 1,380.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,875 shares of the company’s stock after purchasing an additional 69,819 shares during the period. Allianz Asset Management GmbH owned approximately 0.27% of Visteon worth $8,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in Visteon by 2.1% during the second quarter. Geode Capital Management LLC now owns 699,996 shares of the company’s stock valued at $65,316,000 after purchasing an additional 14,662 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Visteon by 11.0% during the 3rd quarter. Nordea Investment Management AB now owns 135,025 shares of the company’s stock worth $16,216,000 after purchasing an additional 13,415 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Visteon by 146.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,531 shares of the company’s stock valued at $7,016,000 after buying an additional 34,751 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Visteon in the 2nd quarter valued at approximately $1,719,000. Finally, Principal Financial Group Inc. grew its stake in shares of Visteon by 64.6% in the third quarter. Principal Financial Group Inc. now owns 422,392 shares of the company’s stock valued at $50,628,000 after buying an additional 165,729 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of NASDAQ VC opened at $100.90 on Monday. The firm has a market cap of $2.75 billion, a P/E ratio of 9.07 and a beta of 1.16. The business’s 50 day moving average is $98.05 and its 200-day moving average is $109.28. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 0.18. Visteon Corporation has a 1-year low of $65.10 and a 1-year high of $129.10.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Visteon from $151.00 to $148.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Barclays lowered their price objective on shares of Visteon from $130.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Zacks Research downgraded shares of Visteon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. The Goldman Sachs Group set a $120.00 price target on Visteon in a report on Thursday, January 15th. Finally, Morgan Stanley upped their price objective on Visteon from $95.00 to $114.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.15.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.