Bank of America Corp DE Buys 79,444 Shares of Visteon Co. (NASDAQ:VC)

Bank of America Corp DE increased its stake in Visteon Co. (NASDAQ:VC - Free Report) by 74.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,573 shares of the company's stock after purchasing an additional 79,444 shares during the quarter. Bank of America Corp DE owned approximately 0.67% of Visteon worth $16,464,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC increased its stake in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. increased 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares in the last quarter. Finally, KBC Group NV increased its stake in Visteon by 49.9% in 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 in the last quarter. 99.71% of the stock is owned by institutional investors.

Visteon Trading Down 1.2%

VC traded down $0.99 on Monday, hitting $83.01. The company had a trading volume of 262,133 shares, compared to its average volume of 313,258. The company has a market cap of $2.26 billion, a PE ratio of 8.46, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $78.39 and its 200 day simple moving average is $84.17.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Visteon from $96.00 to $101.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price objective (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. TD Cowen assumed coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price objective for the company. Robert W. Baird raised their price objective on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, UBS Group restated a "neutral" rating and set a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Visteon has a consensus rating of "Hold" and an average target price of $96.25.

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.