Systematic Financial Management LP Boosts Stock Holdings in Visteon Co. (NASDAQ:VC)

Systematic Financial Management LP lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 268,495 shares of the company's stock after buying an additional 8,854 shares during the quarter. Systematic Financial Management LP owned approximately 0.97% of Visteon worth $23,821,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Guggenheim dropped their price target on 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 reissued a "neutral" rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Barclays restated an "equal weight" rating and issued a $82.00 price target (down from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. UBS Group reaffirmed 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. Finally, Morgan Stanley reduced their target price on shares of Visteon from $95.00 to $90.00 and set an "equal weight" rating on the stock in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $96.25.

Visteon Trading Down 0.4%

Visteon stock traded down $0.30 during trading hours on Tuesday, hitting $84.87. The company had a trading volume of 181,198 shares, compared to its average volume of 311,248. The firm has a market cap of $2.31 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.42 and a beta of 1.23. The company has a 50-day moving average price of $78.08 and a two-hundred day moving average price of $84.46. Visteon Co. has a 1 year low of $65.10 and a 1 year 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 announced 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 $1.70 by $0.70. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Visteon's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, sell-side analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.

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.