Alliancebernstein L.P. Has $6.35 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Alliancebernstein L.P. grew its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,613 shares of the company's stock after buying an additional 16,828 shares during the period. Alliancebernstein L.P. owned about 0.26% of Visteon worth $6,354,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VC. Signaturefd LLC lifted its holdings in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after purchasing an additional 1,061 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after purchasing an additional 754 shares during the period. KBC Group NV lifted its holdings in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after purchasing an additional 450 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new position in Visteon during the 3rd quarter valued at approximately $164,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Price Performance

Shares of VC traded up $1.10 during midday trading on Friday, reaching $71.81. The stock had a trading volume of 248,048 shares, compared to its average volume of 305,817. The firm's 50 day moving average price is $80.03 and its 200-day moving average price is $86.03. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The company has a market capitalization of $1.94 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.42 and a beta of 1.32. 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 (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping 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 firm had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. On average, analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VC. Barclays reiterated an "equal weight" rating and issued a $82.00 target price (down from $110.00) on shares of Visteon in a research note on Tuesday. The Goldman Sachs Group reiterated a "neutral" rating and issued a $74.00 price objective (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. TD Cowen assumed coverage on shares of Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price for the company. Morgan Stanley cut their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Finally, UBS Group reiterated a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $100.64.

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.