Visteon Co. (NASDAQ:VC) Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of 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 & Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock valued at $258,106,000 after purchasing an additional 16,442 shares during the period. American Century Companies Inc. boosted its position in Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after buying an additional 536,073 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Visteon by 5.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after acquiring an additional 45,058 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Visteon by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 670,363 shares of the company's stock worth $59,487,000 after acquiring an additional 1,681 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Visteon by 2.7% in the fourth quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after acquiring an additional 17,526 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Performance

NASDAQ:VC traded up $0.50 during mid-day trading on Friday, hitting $79.89. The stock had a trading volume of 248,796 shares, compared to its average volume of 305,390. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $85.13. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.42 and a beta of 1.32. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company posted $1.61 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on VC. 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 report on Thursday, April 10th. Robert W. Baird lifted their price target on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company increased their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Finally, UBS Group reissued a "neutral" rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target 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.