Envestnet Asset Management Inc. Purchases 3,789 Shares of Visteon Co. (NASDAQ:VC)

Envestnet Asset Management Inc. raised its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,798 shares of the company's stock after buying an additional 3,789 shares during the period. Envestnet Asset Management Inc. owned about 0.05% of Visteon worth $1,313,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Visteon by 884.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after acquiring an additional 754 shares during the last quarter. KBC Group NV increased its holdings in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after buying an additional 450 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Visteon by 21.4% during the fourth quarter. Headlands Technologies LLC now owns 1,771 shares of the company's stock valued at $157,000 after buying an additional 312 shares in the last quarter. 99.71% of the stock is owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of VC traded up $0.71 during mid-day trading on Monday, reaching $80.60. The company had a trading volume of 28,097 shares, compared to its average volume of 304,582. The company has a market capitalization of $2.20 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.42 and a beta of 1.23. 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 current ratio of 1.74 and a quick ratio of 1.47. The company's 50-day moving average is $78.33 and its 200-day moving average is $84.98.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on VC. Wells Fargo & Company increased their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Barclays restated an "equal weight" rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Robert W. Baird boosted their target price on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $100.67.

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.