Voloridge Investment Management LLC Grows Holdings in Visteon Co. (NASDAQ:VC)

Voloridge Investment Management LLC increased its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,114 shares of the company's stock after acquiring an additional 43,464 shares during the period. Voloridge Investment Management LLC owned about 0.83% of Visteon worth $20,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares during the last quarter. Signaturefd LLC raised its stake in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after acquiring an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after acquiring an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after acquiring an additional 754 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after acquiring an additional 450 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Guggenheim dropped their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley lowered their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Royal Bank of Canada lowered their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Finally, UBS Group reissued a "neutral" rating and set a $76.00 target price (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $96.25.

Visteon Stock Down 1.1%

VC traded down $0.94 during midday trading on Wednesday, hitting $84.97. The company had a trading volume of 32,457 shares, compared to its average volume of 311,628. Visteon Co. has a 52 week low of $65.10 and a 52 week 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 company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.42 and a beta of 1.23. The stock's 50 day moving average price is $78.47 and its 200 day moving average price is $84.19.

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 the consensus estimate of $1.70 by $0.70. The firm 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 business's revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, research analysts anticipate that Visteon Co. will post 8.42 earnings per share 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.