Victory Capital Management Inc. Raises Stock Position in Visteon Co. (NASDAQ:VC)

Victory Capital Management Inc. boosted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,155,805 shares of the company's stock after purchasing an additional 60,507 shares during the quarter. Victory Capital Management Inc. owned about 4.16% of Visteon worth $144,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VC. Tectonic Advisors LLC bought a new stake in shares of Visteon in the 4th quarter worth $3,187,000. Westfield Capital Management Co. LP increased its stake in Visteon by 11.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 664,137 shares of the company's stock valued at $91,697,000 after buying an additional 65,593 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Visteon by 1,842.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 27,444 shares of the company's stock worth $3,789,000 after buying an additional 26,031 shares in the last quarter. Comerica Bank purchased a new position in shares of Visteon in the 3rd quarter worth approximately $12,222,000. Finally, AQR Capital Management LLC grew its holdings in shares of Visteon by 40.4% in the third quarter. AQR Capital Management LLC now owns 66,670 shares of the company's stock valued at $9,205,000 after acquiring an additional 19,196 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on VC shares. JPMorgan Chase & Co. dropped their price target on Visteon from $146.00 to $145.00 and set a "neutral" rating on the stock in a report on Monday, April 22nd. Barclays upgraded shares of Visteon from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Bank of America cut their price target on Visteon from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Thursday, February 29th. Robert W. Baird dropped their price target on Visteon from $140.00 to $137.00 and set an "outperform" rating for the company in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of Visteon from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $142.36.

Visteon Trading Up 2.7 %

Shares of VC stock traded up $2.99 on Thursday, hitting $115.29. 326,903 shares of the company's stock traded hands, compared to its average volume of 289,745. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.37 and a current ratio of 1.74. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 0.51 and a beta of 1.66. The company's fifty day simple moving average is $113.23 and its 200 day simple moving average is $117.90. Visteon Co. has a one year low of $105.19 and a one year high of $159.87.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.14). Visteon had a net margin of 12.60% and a return on equity of 53.49%. The company had revenue of $933.00 million for the quarter, compared to the consensus estimate of $971.45 million. During the same period last year, the business posted $1.25 earnings per share. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts forecast that Visteon Co. will post 8.45 EPS for the current year.

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.