Price T Rowe Associates Inc. MD Boosts Stock Holdings in Visteon Co. (NASDAQ:VC)

Price T Rowe Associates Inc. MD grew its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,443 shares of the company's stock after purchasing an additional 147,685 shares during the period. Price T Rowe Associates Inc. MD owned about 1.22% of Visteon worth $29,850,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VC. Quadrant Capital Group LLC grew its position in Visteon by 225.3% during the fourth quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC lifted its position in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after acquiring an additional 263 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after purchasing an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after purchasing an additional 754 shares during the period. Finally, KBC Group NV raised its stake in Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. 99.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VC has been the topic of a number of analyst reports. UBS Group reiterated a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. TD Cowen began coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Guggenheim lowered their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $74.00 target price (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Barclays reissued an "equal weight" rating and issued a $82.00 target price (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $100.67.

Visteon Trading Up 0.6 %

NASDAQ:VC traded up $0.50 on Friday, reaching $79.89. 248,796 shares of the stock traded hands, compared to its average volume of 305,616. 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 company's 50 day moving average is $78.33 and its 200-day moving average is $85.06. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 8.14, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.70. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $934.00 million for the quarter, compared to analyst estimates of $906.38 million. During the same period in the prior year, the firm earned $1.61 earnings per share. Visteon's revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal 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.