Advisors Preferred LLC Takes Position in Visteon Co. (NASDAQ:VC)

Advisors Preferred LLC purchased a new stake in shares of Visteon Co. (NASDAQ:VC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 17,456 shares of the company's stock, valued at approximately $2,207,000. Advisors Preferred LLC owned about 0.06% of Visteon at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in VC. Covestor Ltd grew its stake in Visteon by 105.7% in the 3rd quarter. Covestor Ltd now owns 216 shares of the company's stock worth $30,000 after acquiring an additional 111 shares in the last quarter. Acadian Asset Management LLC bought a new position in Visteon in the 1st quarter worth about $38,000. Rockefeller Capital Management L.P. grew its stake in Visteon by 1,286.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 305 shares of the company's stock worth $39,000 after acquiring an additional 283 shares in the last quarter. Lazard Asset Management LLC bought a new position in Visteon in the 1st quarter worth about $48,000. Finally, Itau Unibanco Holding S.A. bought a new position in Visteon in the 2nd quarter worth about $63,000. 99.71% of the stock is currently owned by institutional investors.

Visteon Stock Performance

Shares of NASDAQ:VC traded down $1.09 during midday trading on Friday, reaching $109.91. The company's stock had a trading volume of 389,513 shares, compared to its average volume of 275,331. The firm has a market capitalization of $3.02 billion, a PE ratio of 6.40, a P/E/G ratio of 0.51 and a beta of 1.65. Visteon Co. has a twelve month low of $108.65 and a twelve month high of $159.87. The stock has a fifty day moving average of $116.22 and a 200 day moving average of $121.11. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported $13.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $10.92. The firm had revenue of $990.00 million for the quarter, compared to analyst estimates of $1.05 billion. Visteon had a net margin of 12.29% and a return on equity of 57.45%. The business's quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. On average, equities analysts expect that Visteon Co. will post 8.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Visteon from $188.00 to $146.00 and set an "outperform" rating for the company in a research report on Thursday, March 7th. BNP Paribas cut shares of Visteon from an "outperform" rating to a "neutral" rating and set a $130.00 price target for the company. in a research report on Wednesday, December 13th. Wolfe Research reaffirmed a "peer perform" rating on shares of Visteon in a research report on Thursday, January 4th. Barclays lowered their price target on shares of Visteon from $158.00 to $140.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group raised shares of Visteon from a "neutral" rating to a "buy" rating and upped their price target for the stock from $143.00 to $145.00 in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon has an average rating of "Hold" and an average target price of $146.00.

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.