Visteon Co. (NASDAQ:VC) Stock Position Raised by Signaturefd LLC

Signaturefd LLC boosted its position in Visteon Co. (NASDAQ:VC) by 46.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 421 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Signaturefd LLC’s holdings in Visteon were worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock valued at $344,520,000 after purchasing an additional 48,457 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company’s stock worth $161,760,000 after purchasing an additional 137,264 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Visteon by 1.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock valued at $86,234,000 after acquiring an additional 8,941 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Visteon by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock valued at $71,552,000 after buying an additional 83,840 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock valued at $60,663,000 after purchasing an additional 111,377 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 1.8 %

Shares of VC opened at $94.31 on Thursday. The firm’s 50 day moving average is $94.33 and its 200-day moving average is $103.33. The stock has a market capitalization of $2.60 billion, a PE ratio of 5.12, a P/E/G ratio of 0.46 and a beta of 1.45. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. Visteon Co. has a 12 month low of $86.77 and a 12 month high of $131.70.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. Visteon’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 EPS. Equities research analysts forecast that Visteon Co. will post 7.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VC shares. Wolfe Research started coverage on Visteon in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. Royal Bank of Canada cut their price target on Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Robert W. Baird reaffirmed a “neutral” rating and set a $120.00 price objective (down previously from $137.00) on shares of Visteon in a research note on Friday, July 12th. Finally, Wells Fargo & Company upgraded Visteon from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $122.00 in a report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.57.

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.