Visteon Co. (NASDAQ:VC) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its stake in Visteon Co. (NASDAQ:VC) by 1,459.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 523,521 shares of the company’s stock after purchasing an additional 489,959 shares during the quarter. American Century Companies Inc. owned approximately 1.90% of Visteon worth $55,860,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of VC. Vanguard Group Inc. increased its position in shares of Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock worth $344,520,000 after purchasing an additional 48,457 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after buying an additional 137,264 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Visteon by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 571,760 shares of the company’s stock valued at $71,416,000 after buying an additional 13,359 shares during the last quarter. FIFTHDELTA Ltd raised its position in shares of Visteon by 13.6% in the first quarter. FIFTHDELTA Ltd now owns 546,617 shares of the company’s stock valued at $64,288,000 after buying an additional 65,500 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Visteon in the fourth quarter worth about $40,092,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Stock Performance

Shares of VC stock opened at $90.52 on Monday. The firm has a market cap of $2.50 billion, a P/E ratio of 5.17, a P/E/G ratio of 0.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.50 and a current ratio of 1.85. Visteon Co. has a one year low of $88.37 and a one year high of $143.97. The firm’s 50 day moving average price is $102.73 and its 200-day moving average price is $108.31.

Visteon (NASDAQ:VC) last announced its earnings results on Thursday, July 25th. The company reported $2.54 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.58. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Visteon had a return on equity of 51.69% and a net margin of 13.79%. Visteon’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. As a group, equities research analysts predict that Visteon Co. will post 8.06 EPS for the current year.

Insider Buying and Selling

In other Visteon news, SVP Joao Paulo Ribeiro sold 3,859 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.73, for a total value of $431,166.07. Following the sale, the senior vice president now directly owns 5,988 shares of the company’s stock, valued at approximately $669,039.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on VC. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. TD Cowen lowered their price objective on Visteon from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. UBS Group lowered their price objective on Visteon from $144.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $120.00 target price (down from $137.00) on shares of Visteon in a research note on Friday, July 12th. Finally, Baird R W lowered shares of Visteon from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.86.

About Visteon

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.