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

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB purchased a new position in shares of Visteon during the fourth quarter valued at approximately $7,730,000. Charles Schwab Investment Management Inc. grew its stake in shares of Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after acquiring an additional 25,319 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Visteon by 93.2% during the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after acquiring an additional 71,202 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Visteon by 2.7% in the 4th quarter. JPMorgan Chase & Co. now owns 656,347 shares of the company's stock worth $58,231,000 after purchasing an additional 17,526 shares during the last quarter. Finally, Value Holdings Management CO. LLC boosted its stake in Visteon by 90.9% in the 4th quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock worth $2,795,000 after purchasing an additional 15,000 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Robert W. Baird upped their target price on shares of Visteon from $76.00 to $86.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Royal Bank of Canada lowered their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. The Goldman Sachs Group reissued 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. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Finally, Barclays reiterated an "equal weight" rating and issued a $82.00 price objective (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Visteon presently has a consensus rating of "Hold" and a consensus price target of $98.58.

Visteon Stock Performance

Shares of NASDAQ:VC traded up $0.24 during midday trading on Tuesday, hitting $80.78. The company had a trading volume of 18,485 shares, compared to its average volume of 304,565. Visteon Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a fifty day moving average of $78.18 and a two-hundred day moving average of $84.91. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 0.42 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $2.40 EPS for the quarter, topping the consensus estimate of $1.70 by $0.70. The firm 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 business's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 earnings per share. On average, equities research analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal year.

About Visteon

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.