First Trust Advisors LP Acquires 41,009 Shares of Visteon Co. (NASDAQ:VC)

First Trust Advisors LP lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 558.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,350 shares of the company's stock after purchasing an additional 41,009 shares during the quarter. First Trust Advisors LP owned 0.18% of Visteon worth $4,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VC. CANADA LIFE ASSURANCE Co lifted its position in Visteon by 2.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 34,588 shares of the company's stock valued at $3,065,000 after purchasing an additional 700 shares during the period. Farringdon Capital Ltd. bought a new position in shares of Visteon during the 4th quarter valued at $227,000. XTX Topco Ltd boosted its stake in shares of Visteon by 83.7% in the 4th quarter. XTX Topco Ltd now owns 4,436 shares of the company's stock worth $394,000 after buying an additional 2,021 shares during the last quarter. Mariner LLC grew its holdings in shares of Visteon by 14.2% in the fourth quarter. Mariner LLC now owns 4,285 shares of the company's stock worth $380,000 after acquiring an additional 533 shares during the period. Finally, Barclays PLC increased its position in Visteon by 66.2% during the fourth quarter. Barclays PLC now owns 105,916 shares of the company's stock valued at $9,398,000 after acquiring an additional 42,200 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VC shares. TD Cowen began coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 price target for the company. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a report on Monday. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Nine research 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 stock currently has a consensus rating of "Hold" and a consensus target price of $98.58.

Visteon Trading Up 0.2 %

VC traded up $0.20 during trading on Wednesday, reaching $80.74. The company had a trading volume of 280,771 shares, compared to its average volume of 305,628. 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 business has a 50 day simple moving average of $77.94 and a 200-day simple moving average of $84.85. The stock has a market cap of $2.20 billion, a P/E ratio of 8.23, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. On average, equities 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.