Proficio Capital Partners LLC Acquires New Position in Visteon Co. (NASDAQ:VC)

Proficio Capital Partners LLC acquired a new position in shares of Visteon Co. (NASDAQ:VC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,810 shares of the company’s stock, valued at approximately $2,645,000. Proficio Capital Partners LLC owned approximately 0.11% of Visteon at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VC. KBC Group NV raised its holdings in Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after purchasing an additional 247 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares during the period. Morse Asset Management Inc bought a new stake in Visteon during the 3rd quarter valued at approximately $164,000. Entropy Technologies LP bought a new stake in Visteon in the 4th quarter worth approximately $214,000. Finally, XTX Topco Ltd bought a new stake in Visteon in the 3rd quarter worth approximately $230,000. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on VC. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They issued a “buy” rating and a $108.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays dropped their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $117.25.

Visteon Stock Performance

NASDAQ VC opened at $80.65 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 business’s 50 day moving average is $84.56 and its two-hundred day moving average is $89.38. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.16. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.42 and a beta of 1.39.

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

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.