Wells Fargo & Company MN Has $1.58 Million Stock Position in Visteon Co. (NASDAQ:VC)

Wells Fargo & Company MN increased its position in Visteon Co. (NASDAQ:VC - Free Report) by 75.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,786 shares of the company's stock after purchasing an additional 7,656 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Visteon worth $1,578,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VC. Morse Asset Management Inc bought a new stake in Visteon in the third quarter valued at about $164,000. Barclays PLC grew its stake in shares of Visteon by 60.0% during the 3rd quarter. Barclays PLC now owns 63,716 shares of the company's stock worth $6,068,000 after acquiring an additional 23,893 shares in the last quarter. Virtu Financial LLC acquired a new stake in Visteon in the 3rd quarter valued at $309,000. Franklin Resources Inc. raised its holdings in Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after acquiring an additional 171 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Visteon by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock valued at $26,131,000 after buying an additional 8,500 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Price Performance

Shares of NASDAQ:VC traded up $0.75 during trading on Friday, reaching $80.14. 32,681 shares of the company traded hands, compared to its average volume of 304,646. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The firm has a market capitalization of $2.18 billion, a PE ratio of 8.17, a PEG ratio of 0.42 and a beta of 1.32. The company's 50 day moving average is $78.52 and its two-hundred day moving average is $85.13.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 7.09% and a return on equity of 24.58%. The business's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. As a group, sell-side analysts predict that Visteon Co. will post 8.42 earnings per share for the current year.

Analyst Ratings Changes

VC has been the subject of several recent analyst reports. Morgan Stanley cut their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. UBS Group reaffirmed a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. Guggenheim dropped their price objective on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 target price (down previously from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Robert W. Baird upped their price target on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $100.67.

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.