Voya Investment Management LLC Boosts Stock Holdings in Visteon Co. (NASDAQ:VC)

Voya Investment Management LLC raised its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,074 shares of the company's stock after purchasing an additional 3,761 shares during the quarter. Voya Investment Management LLC owned 0.06% of Visteon worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Visteon by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,909,217 shares of the company's stock worth $258,106,000 after buying an additional 16,442 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 acquiring an additional 536,073 shares during the period. Invesco Ltd. boosted its position 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 acquiring an additional 62,610 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Visteon by 5.2% during the 4th 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 increased its stake in Visteon by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 844,068 shares of the company's stock worth $74,886,000 after acquiring an additional 124,897 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the topic of a number of research reports. TD Cowen assumed coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Wells Fargo & Company boosted their target price on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price target (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Guggenheim lowered their price objective on Visteon from $108.00 to $91.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Morgan Stanley cut their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Visteon currently has a consensus rating of "Hold" and an average price target of $98.58.

Visteon Stock Performance

Shares of Visteon stock traded up $1.32 on Friday, hitting $84.61. 261,439 shares of the company's stock were exchanged, compared to its average volume of 306,991. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The stock has a market capitalization of $2.31 billion, a PE ratio of 8.62, a PEG ratio of 0.42 and a beta of 1.23. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The company has a 50-day simple moving average of $77.95 and a 200-day simple moving average of $84.77.

Visteon (NASDAQ:VC - Get Free Report) last released 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. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $906.38 million. During the same quarter in the previous year, the company posted $1.61 earnings per share. Visteon's revenue for the quarter was up .1% on a year-over-year basis. As a group, equities analysts anticipate that Visteon Co. will post 8.42 EPS 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.