Nisa Investment Advisors LLC Boosts Holdings in Visteon Co. (NASDAQ:VC)

Nisa Investment Advisors LLC increased its holdings in Visteon Co. (NASDAQ:VC) by 136.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,305 shares of the company’s stock after purchasing an additional 754 shares during the period. Nisa Investment Advisors LLC’s holdings in Visteon were worth $116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VC. State Street Corp lifted its position in Visteon by 0.4% in the third quarter. State Street Corp now owns 1,024,865 shares of the company’s stock valued at $97,608,000 after purchasing an additional 3,918 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Visteon by 6.9% in the third 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 period. Geode Capital Management LLC raised its holdings in Visteon by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 668,682 shares of the company’s stock valued at $63,698,000 after buying an additional 7,743 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 buying an additional 88,288 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Visteon by 4.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,290 shares of the company’s stock worth $32,504,000 after acquiring an additional 15,951 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Wall Street Analyst Weigh In

VC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. StockNews.com cut shares of Visteon from a “buy” rating to a “hold” rating in a report on Sunday, November 3rd. Royal Bank of Canada reduced their price objective on shares of Visteon from $129.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barclays dropped their target price on shares of Visteon from $140.00 to $115.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company reduced their price target on shares of Visteon from $122.00 to $119.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.23.

Visteon Price Performance

Shares of VC opened at $86.74 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of 4.71, a price-to-earnings-growth ratio of 0.37 and a beta of 1.45. Visteon Co. has a twelve month low of $81.74 and a twelve month high of $123.73. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $88.67 and a 200 day moving average of $94.14.

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.