Visteon Co. (NASDAQ:VC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Visteon Co. (NASDAQ:VC) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 366,609 shares of the company’s stock after acquiring an additional 25,319 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of Visteon worth $32,526,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. KBC Group NV increased its stake in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after acquiring an additional 247 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after purchasing an additional 754 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Visteon in the third quarter worth about $164,000. Entropy Technologies LP acquired a new stake in shares of Visteon in the fourth quarter valued at about $214,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visteon during the 3rd quarter valued at about $230,000. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley decreased their price target on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Royal Bank of Canada cut their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 19th. Barclays dropped their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Visteon has a consensus rating of “Moderate Buy” and a consensus target price of $117.25.

Visteon Trading Down 0.2 %

Shares of VC stock opened at $80.61 on Monday. The firm has a market capitalization of $2.18 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16. The stock has a fifty day moving average of $84.83 and a two-hundred day moving average of $89.67.

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

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.