Charles Schwab Investment Management Inc. Buys 15,951 Shares of Visteon Co. (NASDAQ:VC)

Charles Schwab Investment Management Inc. increased its stake in shares of Visteon Co. (NASDAQ:VC) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 341,290 shares of the company’s stock after buying an additional 15,951 shares during the period. Charles Schwab Investment Management Inc. owned 1.24% of Visteon worth $32,504,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VC. American Century Companies Inc. boosted its holdings in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company’s stock worth $55,860,000 after buying an additional 489,959 shares during the period. Victory Capital Management Inc. raised its stake in Visteon by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after purchasing an additional 137,264 shares in the last quarter. Millennium Management LLC raised its stake in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after purchasing an additional 111,377 shares in the last quarter. Lodge Hill Capital LLC acquired a new stake in Visteon in the 2nd quarter worth about $11,204,000. Finally, Dimensional Fund Advisors LP raised its stake in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after purchasing an additional 83,840 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $95.11 on Wednesday. The company has a 50 day simple moving average of $92.17 and a 200 day simple moving average of $99.81. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 5.16, a P/E/G ratio of 0.45 and a beta of 1.44. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same period in the prior year, the company earned $2.35 EPS. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts anticipate that Visteon Co. will post 8.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VC. Morgan Stanley dropped their price objective on shares of Visteon from $135.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research note on Tuesday, September 10th. Barclays dropped their price objective on shares of Visteon from $145.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Royal Bank of Canada dropped their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, The Goldman Sachs Group dropped their target price on shares of Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Visteon has an average rating of “Moderate Buy” and a consensus target price of $127.57.

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.