Visteon Co. (NASDAQ:VC) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Visteon Co. (NASDAQ:VC) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640,856 shares of the company’s stock after buying an additional 12,900 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.32% of Visteon worth $56,857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VC. State of Alaska Department of Revenue grew its holdings in Visteon by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company’s stock valued at $306,000 after buying an additional 215 shares during the period. Principal Financial Group Inc. grew its holdings in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after buying an additional 8,500 shares during the period. Olympiad Research LP purchased a new stake in Visteon in the 3rd quarter valued at about $429,000. Summit Global Investments purchased a new stake in Visteon in the 3rd quarter valued at about $518,000. Finally, Covestor Ltd grew its holdings in shares of Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

VC stock opened at $82.94 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.25 billion, a P/E ratio of 8.45, a P/E/G ratio of 0.42 and a beta of 1.44. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $121.45. The stock’s 50 day simple moving average is $85.37 and its 200 day simple moving average is $90.48.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on VC shares. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday. Barclays decreased their target price on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $119.92.

Visteon 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.