Voloridge Investment Management LLC increased its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 229,114 shares of the company's stock after acquiring an additional 43,464 shares during the quarter. Voloridge Investment Management LLC owned about 0.83% of Visteon worth $20,327,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in 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 position in shares of Visteon by 58.8% in the fourth 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 position in shares of 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Visteon by 5.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after buying an additional 45,058 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in 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 buying an additional 124,897 shares in the last quarter. Institutional investors own 99.71% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. UBS Group reaffirmed a "neutral" rating and issued a $76.00 price objective (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Morgan Stanley reduced their price target on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. Barclays reissued an "equal weight" rating and issued a $82.00 price objective (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. TD Cowen assumed coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their price target on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Nine equities research 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, the stock currently has a consensus rating of "Hold" and an average price target of $96.25.
Check Out Our Latest Report on Visteon
Visteon Price Performance
VC traded up $2.92 on Tuesday, reaching $85.93. The stock had a trading volume of 103,017 shares, compared to its average volume of 312,431. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The firm has a 50-day moving average of $78.39 and a 200-day moving average of $84.17.
Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 24.58% and a net margin of 7.09%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. As a group, sell-side analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.
Visteon Company Profile
(
Free Report)
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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