Vanguard Group Inc. Has $359.82 Million Position in Visteon Co. (NASDAQ:VC)

Vanguard Group Inc. lifted its holdings in shares of Visteon Co. (NASDAQ:VC) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,880,882 shares of the company’s stock after purchasing an additional 49,010 shares during the period. Vanguard Group Inc. owned 10.48% of Visteon worth $359,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Visteon during the fourth quarter worth $40,092,000. Cubist Systematic Strategies LLC increased its stake in Visteon by 416.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 149,070 shares of the company’s stock valued at $18,619,000 after purchasing an additional 120,210 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Visteon by 37.9% in the third quarter. TimesSquare Capital Management LLC now owns 359,450 shares of the company’s stock worth $49,629,000 after purchasing an additional 98,850 shares during the period. Comerica Bank bought a new position in shares of Visteon during the third quarter worth $12,222,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Visteon by 18.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 421,152 shares of the company’s stock valued at $58,148,000 after buying an additional 66,089 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of NASDAQ:VC opened at $106.70 on Friday. Visteon Co. has a one year low of $101.42 and a one year high of $159.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.74 and a quick ratio of 1.37. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.49 and a beta of 1.54. The firm has a 50 day simple moving average of $110.11 and a 200 day simple moving average of $114.95.

Visteon (NASDAQ:VC) last issued its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.14). The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $971.45 million. Visteon had a return on equity of 53.49% and a net margin of 12.60%. Visteon’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. Research analysts predict that Visteon Co. will post 8.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VC has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on Visteon from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. cut their price objective on Visteon from $146.00 to $145.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company lowered their target price on Visteon from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday. Royal Bank of Canada dropped their target price on shares of Visteon from $188.00 to $146.00 and set an “outperform” rating on the stock in a report on Thursday, March 7th. Finally, Morgan Stanley reduced their price target on shares of Visteon from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Visteon presently has an average rating of “Moderate Buy” and a consensus price target of $138.64.

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.