Visteon Co. (NASDAQ:VC) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,622 shares of the company's stock after purchasing an additional 5,273 shares during the quarter. Pinebridge Investments L.P. owned 0.06% of Visteon worth $1,563,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in VC. LPL Financial LLC increased its holdings in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after purchasing an additional 156 shares during the period. Franklin Resources Inc. grew its position in shares of Visteon by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after buying an additional 171 shares in the last quarter. Xponance Inc. increased its stake in shares of Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 175 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Visteon by 2.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,519 shares of the company's stock valued at $756,000 after acquiring an additional 182 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock worth $402,000 after acquiring an additional 216 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VC has been the topic of a number of research reports. Guggenheim cut their target price on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. UBS Group reissued a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research note on Thursday, April 10th. TD Cowen initiated coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. Robert W. Baird boosted their price target on Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $100.67.

Visteon Stock Performance

Shares of NASDAQ:VC traded up $0.50 on Friday, hitting $79.89. 248,796 shares of the company were exchanged, compared to its average volume of 305,616. The firm has a market capitalization of $2.18 billion, a P/E ratio of 8.14, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a 1-year low of $65.10 and a 1-year high of $117.94. The stock's 50 day moving average price is $78.33 and its 200 day moving average price is $85.02.

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