AQR Capital Management LLC Grows Stock Holdings in Visteon Co. (NASDAQ:VC)

AQR Capital Management LLC raised its stake in Visteon Co. (NASDAQ:VC - Free Report) by 87.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,434 shares of the company's stock after buying an additional 60,007 shares during the period. AQR Capital Management LLC owned about 0.47% of Visteon worth $11,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its holdings in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock valued at $44,000 after purchasing an additional 347 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Visteon by 62.5% in the 4th 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. raised its holdings in shares of Visteon by 884.2% in 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 in the last quarter. Nisa Investment Advisors LLC raised its holdings 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 valued at $116,000 after purchasing an additional 754 shares in the last quarter. Finally, KBC Group NV raised 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 valued at $120,000 after purchasing an additional 450 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the subject of several recent research reports. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Robert W. Baird boosted their price target on shares of Visteon from $76.00 to $86.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wells Fargo & Company boosted their price target on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. UBS Group restated a "neutral" rating and issued a $76.00 price target (down previously from $114.00) on shares of Visteon in a report on Thursday, April 10th. Finally, Barclays restated an "equal weight" rating and issued a $82.00 price target (down previously from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $98.58.

Visteon Stock Performance

NASDAQ:VC traded up $1.32 during trading hours on Friday, hitting $84.61. 261,439 shares of the company were exchanged, compared to its average volume of 306,991. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 52-week low of $65.10 and a 52-week 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. The company's 50 day moving average price is $77.95 and its 200-day moving average price is $84.72.

Visteon (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.70. The company 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%. Visteon's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 EPS. As a group, research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current year.

Visteon 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.