Vanguard Group Inc. Has $258.11 Million Position in Visteon Co. (NASDAQ:VC)

Vanguard Group Inc. lifted its holdings in Visteon Co. (NASDAQ:VC) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,909,217 shares of the company’s stock after buying an additional 16,442 shares during the period. Vanguard Group Inc. owned about 10.53% of Visteon worth $258,106,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB acquired a new stake in shares of Visteon during the 4th quarter valued at $7,730,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Visteon by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company’s stock worth $32,526,000 after acquiring an additional 25,319 shares in the last quarter. Value Holdings Management CO. LLC boosted its position in Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company’s stock valued at $2,795,000 after purchasing an additional 15,000 shares during the last quarter. Sei Investments Co. grew its stake in Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company’s stock valued at $13,095,000 after purchasing an additional 71,202 shares in the last quarter. Finally, Royce & Associates LP increased its position in Visteon by 39.2% in the 4th quarter. Royce & Associates LP now owns 281,508 shares of the company’s stock worth $24,975,000 after purchasing an additional 79,294 shares during the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the subject of several research reports. Wells Fargo & Company lifted their price target on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Royal Bank of Canada reduced their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. TD Cowen started 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. Morgan Stanley reduced their price objective on shares of Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Finally, Barclays lowered their target price on shares of Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Price Performance

NASDAQ:VC opened at $72.34 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon Co. has a one year low of $68.61 and a one year high of $117.94. The company has a fifty day moving average price of $83.16 and a 200 day moving average price of $88.03. The stock has a market cap of $1.96 billion, a P/E ratio of 7.37, a PEG ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC) last released its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $954.17 million. Analysts anticipate that Visteon Co. will post 8.42 earnings per share 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.