AQR Capital Management LLC Acquires 60,007 Shares of 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 128,434 shares of the company's stock after purchasing an additional 60,007 shares during the period. AQR Capital Management LLC owned 0.47% of Visteon worth $11,395,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Visteon by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after acquiring an additional 16,442 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Visteon by 58.8% in the fourth quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock worth $128,468,000 after purchasing an additional 536,073 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Visteon by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,184,511 shares of the company's stock valued at $105,090,000 after purchasing an additional 62,610 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Visteon by 5.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 908,715 shares of the company's stock valued at $80,621,000 after purchasing an additional 45,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Visteon by 17.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after buying an additional 124,897 shares during the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VC shares. UBS Group restated 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. Guggenheim cut their price target on shares of Visteon from $108.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Barclays restated 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. TD Cowen began coverage on shares of Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Visteon from $90.00 to $97.00 and gave the company a "neutral" rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $98.58.

Visteon Price Performance

NASDAQ:VC traded up $1.32 during mid-day trading on Friday, hitting $84.61. 261,439 shares of the stock traded hands, compared to its average volume of 305,858. The business's 50-day moving average price is $77.92 and its 200 day moving average price is $84.82. 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 12-month low of $65.10 and a 12-month high of $117.94. The company has a market cap of $2.31 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.70. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. On average, analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal 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.