Creative Planning Acquires 4,160 Shares of Visteon Co. (NASDAQ:VC)

Creative Planning grew its holdings in Visteon Co. (NASDAQ:VC) by 87.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,914 shares of the company’s stock after purchasing an additional 4,160 shares during the quarter. Creative Planning’s holdings in Visteon were worth $849,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Visteon by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company’s stock worth $344,520,000 after buying an additional 48,457 shares during the period. Victory Capital Management Inc. raised its holdings in 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 buying an additional 137,264 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Visteon by 1.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company’s stock worth $86,234,000 after buying an additional 8,941 shares during the period. Dimensional Fund Advisors LP raised its holdings in Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company’s stock worth $71,552,000 after buying an additional 83,840 shares during the period. Finally, Millennium Management LLC raised its holdings in Visteon by 24.4% during the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company’s stock worth $60,663,000 after buying an additional 111,377 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Stock Up 1.0 %

Shares of NASDAQ:VC opened at $91.19 on Friday. The stock has a fifty day simple moving average of $94.00 and a two-hundred day simple moving average of $103.09. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 4.95, a PEG ratio of 0.44 and a beta of 1.45. Visteon Co. has a 12-month low of $86.77 and a 12-month high of $131.70. 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 (NASDAQ:VC) last posted its quarterly earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm had revenue of $980.00 million during the quarter, compared to analysts’ expectations of $965.60 million. During the same quarter in the previous year, the business earned $2.35 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that Visteon Co. will post 8.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Visteon from $144.00 to $135.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wolfe Research assumed coverage on shares of Visteon in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Robert W. Baird reaffirmed a “neutral” rating and set a $120.00 price target (down from $137.00) on shares of Visteon in a research note on Friday, July 12th. Royal Bank of Canada decreased their target price on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Citigroup decreased their target price on shares of Visteon from $139.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.57.

About Visteon

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.