Visteon Co. (NASDAQ:VC) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 372,764 shares of the company's stock after acquiring an additional 43,236 shares during the period. Northern Trust Corp owned approximately 1.35% of Visteon worth $33,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its position in shares of Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC increased its stake in Visteon by 62.5% in the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares during the period. Nisa Investment Advisors LLC boosted its stake in Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares during the last quarter. Finally, KBC Group NV grew its holdings in 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 buying an additional 450 shares during the period. Institutional investors and hedge funds own 99.71% of the company's stock.

Analyst Upgrades and Downgrades

VC has been the subject of a number of recent analyst reports. UBS Group restated a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a report on Thursday, April 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $74.00 target price (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Royal Bank of Canada dropped 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. Barclays reaffirmed an "equal weight" rating and issued a $82.00 price objective (down from $110.00) on shares of Visteon in a research note on Tuesday, April 15th. Finally, TD Cowen initiated coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Visteon presently has an average rating of "Hold" and an average target price of $98.58.

Visteon Stock Up 0.2%

Shares of NASDAQ:VC traded up $0.20 during midday trading on Friday, reaching $86.92. The company had a trading volume of 62,303 shares, compared to its average volume of 307,971. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. The stock's fifty day moving average price is $78.00 and its 200-day moving average price is $84.67. The stock has a market capitalization of $2.37 billion, a P/E ratio of 8.89, a PEG ratio of 0.42 and a beta of 1.23.

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, beating the consensus estimate of $1.70 by $0.70. The firm 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%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal 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.