US Bancorp DE Purchases 2,269 Shares of Visteon Co. (NASDAQ:VC)

US Bancorp DE grew its holdings in shares of Visteon Co. (NASDAQ:VC) by 40.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,872 shares of the company’s stock after buying an additional 2,269 shares during the quarter. US Bancorp DE’s holdings in Visteon were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company’s stock valued at $26,131,000 after acquiring an additional 8,500 shares during the period. Summit Global Investments bought a new position in shares of Visteon in the third quarter worth about $518,000. Covestor Ltd increased its position in Visteon by 14.8% during the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company’s stock worth $149,000 after purchasing an additional 202 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Visteon by 19.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 19,604 shares of the company’s stock valued at $1,867,000 after purchasing an additional 3,194 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock valued at $86,000 after buying an additional 247 shares during the period. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

Shares of Visteon stock opened at $87.12 on Tuesday. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a fifty day moving average of $85.27 and a 200-day moving average of $90.19. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.28.

Visteon (NASDAQ:VC) last announced its quarterly 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. Equities research analysts expect that Visteon Co. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. TD Cowen started coverage on Visteon in a research report on Friday. They set a “buy” rating and a $108.00 target price for the company. Royal Bank of Canada decreased their target price on shares of Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, February 19th. Barclays dropped their price target 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. Wells Fargo & Company lifted their price objective on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.25.

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.