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

Dimensional Fund Advisors LP boosted its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 844,068 shares of the company's stock after purchasing an additional 124,897 shares during the quarter. Dimensional Fund Advisors LP owned 3.06% of Visteon worth $74,886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of VC. Morse Asset Management Inc acquired a new stake in shares of Visteon during the third quarter worth about $164,000. Barclays PLC raised its holdings in Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company's stock worth $6,068,000 after buying an additional 23,893 shares during the period. Virtu Financial LLC acquired a new stake in Visteon during the 3rd quarter worth approximately $309,000. Franklin Resources Inc. lifted its stake in Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after buying an additional 171 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock valued at $26,131,000 after buying an additional 8,500 shares during the period. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VC. Wells Fargo & Company boosted their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. 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. Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price target on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $98.58.

Visteon Stock Performance

NASDAQ:VC traded up $1.10 during mid-day trading on Monday, hitting $80.99. The stock had a trading volume of 184,618 shares, compared to its average volume of 305,167. Visteon Co. has a twelve month low of $65.10 and a twelve month high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.42 and a beta of 1.23. The company's 50 day simple moving average is $78.33 and its 200 day simple moving average is $84.98.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.70. The company had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. On average, equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Visteon 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.