Nomura Holdings Inc. Takes $325,000 Position in Visteon Co. (NASDAQ:VC)

Nomura Holdings Inc. acquired a new position in Visteon Co. (NASDAQ:VC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,658 shares of the company's stock, valued at approximately $325,000.

A number of other hedge funds have also recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of Visteon by 58.8% in the fourth 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 period. Norges Bank bought a new position in shares of Visteon during the 4th quarter worth $29,468,000. Price T Rowe Associates Inc. MD increased its stake in shares of Visteon by 78.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock valued at $29,850,000 after buying an additional 147,685 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Visteon by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after acquiring an additional 124,897 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Visteon in the fourth quarter worth about $10,170,000. Institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

Visteon stock traded down $0.65 during mid-day trading on Wednesday, reaching $85.26. 22,216 shares of the company traded hands, compared to its average volume of 311,584. The firm's fifty day moving average is $78.47 and its two-hundred day moving average is $84.19. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth 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 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 released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The business'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 earnings per share. On average, equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on VC shares. JPMorgan Chase & Co. boosted their price objective on shares of Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Barclays reaffirmed an "equal weight" rating and set a $82.00 price objective (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Finally, Robert W. Baird lifted their price objective on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $96.25.

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.