UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 15,666 Shares of Visteon Co. (NASDAQ:VC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,916 shares of the company's stock after buying an additional 15,666 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Visteon worth $7,179,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in VC. Vanguard Group Inc. raised its stake in shares of Visteon by 0.6% in the 4th 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. raised its stake in shares of 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 purchasing an additional 536,073 shares during the period. Invesco Ltd. raised its stake in shares of Visteon by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock valued at $105,090,000 after purchasing an additional 62,610 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Visteon by 5.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after purchasing an additional 45,058 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after purchasing an additional 124,897 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird lifted 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. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target for the company. Barclays reiterated an "equal weight" rating and set a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. The Goldman Sachs Group reiterated a "neutral" rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. 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 report on Thursday, April 10th. Nine investment 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.com, the company currently has an average rating of "Hold" and a consensus price target of $96.25.

Visteon Price Performance

Shares of VC stock traded down $0.10 on Thursday, hitting $82.67. 215,856 shares of the company's stock were exchanged, compared to its average volume of 314,055. Visteon Co. has a 12 month low of $65.10 and a 12 month 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. The company has a 50 day moving average of $78.90 and a 200 day moving average of $83.82. The stock has a market cap of $2.25 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.42 and a beta of 1.19.

Visteon (NASDAQ:VC - Get Free Report) last posted 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. The company had revenue of $934.00 million for 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 period last year, the company posted $1.61 EPS. On average, equities research analysts predict that Visteon Co. will post 8.42 EPS for the current year.

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.