Ameriprise Financial Inc. boosted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 426,163 shares of the company's stock after buying an additional 71,024 shares during the period. Ameriprise Financial Inc. owned approximately 1.54% of Visteon worth $37,809,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after buying an additional 156 shares during the period. Franklin Resources Inc. grew its stake in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after acquiring an additional 171 shares in the last quarter. Xponance Inc. grew its stake in shares of Visteon by 4.7% in the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock worth $346,000 after acquiring an additional 175 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Visteon by 2.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock worth $756,000 after acquiring an additional 182 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after acquiring an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.
Visteon Stock Performance
Shares of VC stock traded up $0.13 during trading hours on Friday, hitting $86.85. The stock had a trading volume of 345,083 shares, compared to its average volume of 309,051. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market capitalization of $2.37 billion, a PE ratio of 8.85, a PEG ratio of 0.42 and a beta of 1.23. The stock's 50 day moving average is $78.00 and its 200 day moving average is $84.67. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94.
Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. As a group, research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
VC has been the subject of several analyst reports. Barclays reissued an "equal weight" rating and set a $82.00 target price (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Royal Bank of Canada reduced their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company increased their target price on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, UBS Group reiterated a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $98.58.
View Our Latest Analysis on VC
About Visteon
(
Free Report)
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.
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