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Point72 Italy S.r.l. Makes New Investment in Visteon Co. (NASDAQ:VC)

Visteon logo with Auto/Tires/Trucks background

Point72 Italy S.r.l. acquired a new stake in Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 54,519 shares of the company's stock, valued at approximately $6,809,000. Visteon makes up about 4.0% of Point72 Italy S.r.l.'s holdings, making the stock its 11th largest holding. Point72 Italy S.r.l. owned about 0.20% of Visteon as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VC. PNC Financial Services Group Inc. grew its position in shares of Visteon by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company's stock valued at $706,000 after acquiring an additional 94 shares during the period. Covestor Ltd grew its position in shares of Visteon by 105.7% during the 3rd quarter. Covestor Ltd now owns 216 shares of the company's stock valued at $30,000 after purchasing an additional 111 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Visteon by 1.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 8,574 shares of the company's stock valued at $1,190,000 after purchasing an additional 140 shares in the last quarter. CWM LLC grew its position in shares of Visteon by 53.6% during the 4th quarter. CWM LLC now owns 401 shares of the company's stock valued at $50,000 after purchasing an additional 140 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Visteon by 98.6% in the fourth quarter. Parallel Advisors LLC now owns 286 shares of the company's stock worth $36,000 after acquiring an additional 142 shares in the last quarter. 99.71% of the stock is owned by institutional investors.


Wall Street Analyst Weigh In

Several brokerages recently issued reports on VC. Bank of America cut their target price on shares of Visteon from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada cut their target price 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. Morgan Stanley lowered their price target on shares of Visteon from $145.00 to $135.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Wells Fargo & Company raised shares of Visteon from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $106.00 to $108.00 in a research note on Friday, April 26th. Finally, Guggenheim lowered their price target on shares of Visteon from $136.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.73.

Read Our Latest Report on VC

Visteon Price Performance

VC traded up $3.19 during trading on Wednesday, hitting $107.84. 226,781 shares of the company traded hands, compared to its average volume of 266,679. The company has a market cap of $2.98 billion, a PE ratio of 6.24, a P/E/G ratio of 0.49 and a beta of 1.54. The stock's 50-day simple moving average is $111.34 and its two-hundred day simple moving average is $116.24. Visteon Co. has a 1 year low of $103.34 and a 1 year high of $159.87. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.14). The company had revenue of $933.00 million for the quarter, compared to analysts' expectations of $971.45 million. Visteon had a net margin of 12.60% and a return on equity of 53.49%. The business's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share. As a group, sell-side analysts anticipate that Visteon Co. will post 8.49 earnings per share for the current fiscal year.

Visteon 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.

Further Reading

Institutional Ownership by Quarter for Visteon (NASDAQ:VC)

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