First Trust Advisors LP Has $4.29 Million Stock Position in Visteon Co. (NASDAQ:VC)

First Trust Advisors LP lifted its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 558.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,350 shares of the company's stock after buying an additional 41,009 shares during the period. First Trust Advisors LP owned about 0.18% of Visteon worth $4,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Morse Asset Management Inc acquired a new stake in Visteon during the 3rd quarter worth about $164,000. Barclays PLC boosted its holdings in shares of Visteon by 60.0% during the third quarter. Barclays PLC now owns 63,716 shares of the company's stock worth $6,068,000 after purchasing an additional 23,893 shares during the period. Virtu Financial LLC purchased a new position in Visteon during the third quarter valued at approximately $309,000. Franklin Resources Inc. increased its stake in Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after buying an additional 171 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock valued at $26,131,000 after buying an additional 8,500 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Performance

Shares of Visteon stock traded up $0.65 on Monday, reaching $80.54. The stock had a trading volume of 318,116 shares, compared to its average volume of 305,666. Visteon Co. has a fifty-two week low of $65.10 and a fifty-two week high of $117.94. The business's 50-day moving average price is $78.33 and its two-hundred day moving average price is $84.98. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market cap of $2.20 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays restated an "equal weight" rating and set a $82.00 price target (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. TD Cowen initiated coverage on Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. UBS Group reissued a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Robert W. Baird increased their price objective on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Visteon has a consensus rating of "Hold" and a consensus target price of $98.58.

Visteon 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.