Russell Investments Group Ltd. Buys 3,861 Shares of Visteon Co. (NASDAQ:VC)

Russell Investments Group Ltd. raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,794 shares of the company's stock after acquiring an additional 3,861 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Visteon worth $1,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC increased 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 purchasing an additional 263 shares during the period. Nomura Asset Management Co. Ltd. increased its position 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 valued at $105,000 after purchasing an additional 1,061 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after purchasing an additional 754 shares during the period. KBC Group NV increased its position in shares of Visteon by 49.9% during the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares during the period. Finally, Headlands Technologies LLC grew its holdings in shares of Visteon by 21.4% in the 4th quarter. Headlands Technologies LLC now owns 1,771 shares of the company's stock worth $157,000 after acquiring an additional 312 shares during the last quarter. Institutional investors own 99.71% of the company's stock.

Visteon Price Performance

Shares of NASDAQ VC traded up $3.34 during midday trading on Thursday, reaching $77.92. 66,507 shares of the company traded hands, compared to its average volume of 360,001. The firm has a market cap of $2.11 billion, a PE ratio of 7.94, a PEG ratio of 0.42 and a beta of 1.32. The stock's 50-day simple moving average is $79.53 and its 200-day simple moving average is $85.63. Visteon Co. has a 12 month low of $65.10 and a 12 month high of $117.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.77. Visteon had a return on equity of 24.58% and a net margin of 7.09%. As a group, equities analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. TD Cowen assumed coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. Finally, UBS Group restated a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $99.83.

Visteon Company 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.