Barclays PLC raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,916 shares of the company's stock after acquiring an additional 42,200 shares during the period. Barclays PLC owned about 0.38% of Visteon worth $9,398,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in 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 buying an additional 347 shares during the last quarter. Signaturefd LLC boosted its stake in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Visteon by 884.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake 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 buying an additional 754 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after buying an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 price objective (down from $103.00) on shares of Visteon in a report on Thursday, April 10th. Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Barclays reissued an "equal weight" rating and set a $82.00 price objective (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. UBS Group reissued a "neutral" rating and set a $76.00 price objective (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Guggenheim lowered their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $100.67.
Check Out Our Latest Stock Report on VC
Visteon Trading Up 1.6 %
Shares of NASDAQ:VC traded up $1.23 during trading on Monday, reaching $80.22. 372,365 shares of the company were exchanged, compared to its average volume of 304,658. The firm has a market capitalization of $2.17 billion, a PE ratio of 8.18, a P/E/G ratio of 0.42 and a beta of 1.32. The business's fifty day simple moving average is $79.07 and its 200-day simple moving average is $85.28. 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 current ratio of 1.74 and a quick ratio of 1.47.
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 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 business's revenue was up .1% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. On average, research analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.
Visteon Company Profile
(
Free Report)
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.
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