Rhumbline Advisers Has $7.84 Million Stake in Visteon Co. (NASDAQ:VC)

Rhumbline Advisers boosted its holdings in Visteon Co. (NASDAQ:VC) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,307 shares of the company’s stock after purchasing an additional 2,303 shares during the period. Rhumbline Advisers owned about 0.32% of Visteon worth $7,835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after buying an additional 3,918 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after acquiring an additional 55,465 shares in the last quarter. Geode Capital Management LLC raised its position in Visteon by 1.2% during the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock worth $63,698,000 after acquiring an additional 7,743 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after acquiring an additional 88,288 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Visteon by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,290 shares of the company’s stock valued at $32,504,000 after acquiring an additional 15,951 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VC has been the topic of a number of research analyst reports. Royal Bank of Canada dropped their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, February 19th. Barclays dropped their price objective on Visteon from $140.00 to $115.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com downgraded Visteon from a “buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Wells Fargo & Company increased their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.77.

Visteon Trading Up 1.3 %

Shares of Visteon stock opened at $89.24 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The firm has a 50-day moving average of $85.44 and a 200-day moving average of $90.89. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $121.45. The stock has a market cap of $2.42 billion, a PE ratio of 9.10, a PEG ratio of 0.42 and a beta of 1.44.

Visteon (NASDAQ:VC) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. As a group, sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current year.

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.