Hsbc Holdings PLC Acquires 16,349 Shares of Visteon Co. (NASDAQ:VC)

Hsbc Holdings PLC lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 203.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,395 shares of the company's stock after purchasing an additional 16,349 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Visteon worth $2,172,000 as of its most recent filing with the Securities & Exchange Commission.

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

Visteon Stock Performance

NASDAQ VC traded up $0.24 during trading on Tuesday, hitting $80.78. The company's stock had a trading volume of 18,485 shares, compared to its average volume of 304,565. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The firm has a market cap of $2.20 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.42 and a beta of 1.23. The firm has a 50 day moving average price of $78.18 and a 200 day moving average price of $84.91. 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 (NASDAQ:VC - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.70 by $0.70. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $906.38 million. During the same period in the prior year, the company earned $1.61 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Guggenheim cut their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays restated an "equal weight" rating and issued a $82.00 target price (down previously from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $74.00 price target (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Finally, Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Nine investment 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, Visteon presently has an average rating of "Hold" and a consensus price target of $98.58.

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.