Wealthfront Advisers LLC Acquires Shares of 15,505 Visteon Co. (NASDAQ:VC)

Wealthfront Advisers LLC purchased a new position in shares of Visteon Co. (NASDAQ:VC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,505 shares of the company's stock, valued at approximately $1,376,000. Wealthfront Advisers LLC owned approximately 0.06% of Visteon as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in Visteon by 19.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 19,604 shares of the company's stock valued at $1,867,000 after purchasing an additional 3,194 shares during the period. KBC Group NV boosted its stake in Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares during the period. Royce & Associates LP boosted its stake in Visteon by 28.2% during the 3rd quarter. Royce & Associates LP now owns 202,214 shares of the company's stock valued at $19,259,000 after purchasing an additional 44,460 shares during the period. Quest Partners LLC boosted its stake in Visteon by 75.1% during the 3rd quarter. Quest Partners LLC now owns 18,987 shares of the company's stock valued at $1,808,000 after purchasing an additional 8,146 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in Visteon by 52.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 5,638 shares of the company's stock valued at $537,000 after purchasing an additional 1,929 shares during the period. Institutional investors own 99.71% of the company's stock.

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Wall Street Analyst Weigh In

VC has been the subject of several recent research reports. Royal Bank of Canada cut their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Wells Fargo & Company upped their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley cut their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Finally, Barclays cut their price target on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.25.

Visteon Price Performance

NASDAQ VC traded up $0.25 during trading hours on Wednesday, reaching $80.90. 460,754 shares of the company's stock were exchanged, compared to its average volume of 283,510. The stock has a market cap of $2.19 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. Visteon Co. has a one year low of $75.75 and a one year high of $119.16. The firm has a fifty day moving average of $84.56 and a 200-day moving average of $89.38. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. On average, equities research analysts predict that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

About Visteon

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.