Dimensional Fund Advisors LP Purchases 124,897 Shares of Visteon Co. (NASDAQ:VC)

Dimensional Fund Advisors LP lifted its position in Visteon Co. (NASDAQ:VC - Free Report) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 844,068 shares of the company's stock after buying an additional 124,897 shares during the quarter. Dimensional Fund Advisors LP owned about 3.06% of Visteon worth $74,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of VC. American Century Companies Inc. raised its stake in Visteon by 58.8% during the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Norges Bank acquired a new position in shares of Visteon during the fourth quarter valued at about $29,468,000. Raymond James Financial Inc. acquired a new position in shares of Visteon during the fourth quarter valued at about $10,170,000. JPMorgan Chase & Co. lifted its stake in shares of Visteon by 16.0% in the third 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, Nordea Investment Management AB acquired a new stake in Visteon during the fourth quarter worth about $7,730,000. 99.71% of the stock is owned by institutional investors.

Visteon Price Performance

Shares of VC traded up $0.66 on Tuesday, hitting $81.20. The company's stock had a trading volume of 18,485 shares, compared to its average volume of 304,553. The company has a market capitalization of $2.21 billion, a PE ratio of 8.28, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a 50 day moving average price of $78.18 and a 200 day moving average price of $84.91. 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 announced its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. During the same quarter in the prior year, the business earned $1.61 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on VC shares. Barclays reiterated an "equal weight" rating and issued a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. TD Cowen assumed coverage on 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 lowered their price target on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company increased their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada decreased their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Visteon presently has a consensus rating of "Hold" and an average target price of $98.58.

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.