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

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

A number of other hedge funds have also recently modified their holdings of VC. Vanguard Group Inc. lifted its position in 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 acquiring an additional 16,442 shares during the last quarter. American Century Companies Inc. increased its position in Visteon by 58.8% during 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 in the last quarter. Invesco Ltd. raised its stake in Visteon by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock valued at $105,090,000 after buying an additional 62,610 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Visteon by 5.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock worth $80,621,000 after acquiring an additional 45,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after acquiring an additional 124,897 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

NASDAQ VC opened at $84.87 on Wednesday. The firm has a market cap of $2.31 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.42 and a beta of 1.23. Visteon Co. has a 52-week low of $65.10 and a 52-week high of $117.94. The business's 50-day moving average price is $78.16 and its 200 day moving average price is $84.46. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC - Get Free Report) last announced 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. The company 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%. Visteon's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 EPS. On average, equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on VC. The Goldman Sachs Group reiterated 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. Morgan Stanley lowered their price target on Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research report on Monday. Guggenheim reduced their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird upped their target price on Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Barclays restated an "equal weight" rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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.

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