Visteon Co. (NASDAQ:VC) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in shares of Visteon Co. (NASDAQ:VC) by 186.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,542 shares of the company’s stock after purchasing an additional 13,380 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Visteon worth $1,822,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VC. Franklin Resources Inc. increased its position in shares of Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company’s stock worth $1,881,000 after purchasing an additional 171 shares during the last quarter. Inspire Investing LLC boosted its stake in Visteon by 5.0% during the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company’s stock worth $402,000 after buying an additional 216 shares during the period. Signaturefd LLC increased its position in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. KBC Group NV raised its stake in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after acquiring an additional 450 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Visteon by 0.9% in the 4th quarter. Swiss National Bank now owns 54,300 shares of the company’s stock worth $4,817,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company’s stock.

Visteon Stock Performance

NASDAQ:VC opened at $78.35 on Friday. Visteon Co. has a 12 month low of $75.75 and a 12 month high of $119.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $2.12 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The business’s fifty day moving average price is $84.08 and its 200 day moving average price is $88.49.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. The business 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%. On average, sell-side analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VC. Wells Fargo & Company lifted their target price on shares of Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. 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 report on Monday, March 3rd. Royal Bank of Canada lowered 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. TD Cowen assumed coverage on shares of Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price target on the stock. Finally, Barclays lowered their price objective on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.