Swiss National Bank Buys 500 Shares of Visteon Co. (NASDAQ:VC)

Swiss National Bank raised its stake in shares of Visteon Co. (NASDAQ:VC) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,300 shares of the company’s stock after acquiring an additional 500 shares during the period. Swiss National Bank owned about 0.20% of Visteon worth $4,817,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Visteon during the fourth quarter valued at approximately $10,170,000. Hotchkis & Wiley Capital Management LLC bought a new position in Visteon in the 3rd quarter valued at $10,779,000. JPMorgan Chase & Co. increased its position in shares of Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Visteon during the 4th quarter worth $7,730,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock worth $82,255,000 after buying an additional 55,465 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Price Performance

Shares of NASDAQ VC opened at $81.45 on Tuesday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 8.30, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock’s 50-day simple moving average is $84.34 and its two-hundred day simple moving average is $88.85. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $119.16.

Visteon (NASDAQ:VC) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share 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 business had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. As a group, equities analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.