T. Rowe Price Investment Management Inc. grew its position in Visteon Co. (NASDAQ:VC - Free Report) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,532 shares of the company's stock after buying an additional 19,990 shares during the period. T. Rowe Price Investment Management Inc. owned 1.41% of Visteon worth $34,560,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of VC. American Century Companies Inc. boosted 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 valued at $128,468,000 after purchasing an additional 536,073 shares during the period. Norges Bank purchased a new stake in shares of Visteon in the fourth quarter valued at approximately $29,468,000. Price T Rowe Associates Inc. MD raised its holdings in Visteon by 78.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 336,443 shares of the company's stock worth $29,850,000 after purchasing an additional 147,685 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon by 17.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock valued at $74,886,000 after purchasing an additional 124,897 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Visteon during the 4th quarter worth about $10,170,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Visteon Price Performance
Shares of VC stock traded up $0.91 on Friday, reaching $80.30. The company's stock had a trading volume of 84,803 shares, compared to its average volume of 304,848. The stock's 50 day simple moving average is $78.52 and its 200-day simple moving average is $85.13. Visteon Co. has a 12-month low of $65.10 and a 12-month high of $117.94. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.19 billion, a P/E ratio of 8.19, a PEG ratio of 0.42 and a beta of 1.32.
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 the consensus estimate of $1.70 by $0.70. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $906.38 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Visteon's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. As a group, equities analysts predict that Visteon Co. will post 8.42 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on VC shares. Barclays reissued an "equal weight" rating and set a $82.00 target price (down previously from $110.00) on shares of Visteon in a research report on Tuesday, April 15th. Wells Fargo & Company lifted 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. The Goldman Sachs Group reissued a "neutral" rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research note on Thursday, April 10th. Morgan Stanley lowered their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, TD Cowen initiated coverage on shares of Visteon in a research note on Friday, March 7th. They issued a "buy" rating and a $108.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $100.67.
Get Our Latest Stock Report on VC
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.
See Also
Before you consider Visteon, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visteon wasn't on the list.
While Visteon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
