Deutsche Bank AG Acquires 8,200 Shares of Visteon Co. (NASDAQ:VC)

Deutsche Bank AG lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 42.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,633 shares of the company's stock after buying an additional 8,200 shares during the period. Deutsche Bank AG owned approximately 0.10% of Visteon worth $2,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its stake in Visteon by 60.0% in the third quarter. Barclays PLC now owns 63,716 shares of the company's stock valued at $6,068,000 after acquiring an additional 23,893 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of 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 purchasing an additional 754 shares during the last quarter. Inspire Investing LLC boosted its position in Visteon by 5.0% during the 4th quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the period. KBC Group NV boosted its position in Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares during the period. Finally, Washington Capital Management Inc. grew its stake in Visteon by 18.9% during the 4th quarter. Washington Capital Management Inc. now owns 6,300 shares of the company's stock worth $559,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

VC has been the subject of several recent analyst reports. Barclays reissued an "equal weight" rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. UBS Group reiterated a "neutral" rating and issued a $76.00 target price (down previously from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Robert W. Baird boosted their price target on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, April 25th. TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Visteon from $90.00 to $97.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. 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, the stock has an average rating of "Hold" and an average target price of $96.25.

Visteon Stock Performance

Visteon stock traded up $2.90 during trading hours on Tuesday, hitting $85.91. The stock had a trading volume of 180,578 shares, compared to its average volume of 312,727. The company has a 50-day moving average of $78.47 and a two-hundred day moving average of $84.19. 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 Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The company has a market cap of $2.34 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

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

Visteon Company 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.