ExodusPoint Capital Management LP acquired a new stake in Visteon Co. (NASDAQ:VC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,739 shares of the company's stock, valued at approximately $4,768,000. ExodusPoint Capital Management LP owned 0.19% of Visteon at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its stake in Visteon by 2.6% during the 4th quarter. LPL Financial LLC now owns 6,166 shares of the company's stock valued at $547,000 after acquiring an additional 156 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Visteon by 0.8% in the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after purchasing an additional 171 shares during the period. Xponance Inc. raised its stake in shares of Visteon by 4.7% during the fourth quarter. Xponance Inc. now owns 3,898 shares of the company's stock worth $346,000 after purchasing an additional 175 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Visteon by 5.0% during the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock worth $402,000 after purchasing an additional 216 shares during the period. Finally, Signaturefd LLC grew its position in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.
Visteon Price Performance
NASDAQ:VC traded up $1.07 during trading hours on Friday, reaching $68.11. 422,094 shares of the company traded hands, compared to its average volume of 302,961. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The stock has a market cap of $1.84 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.42 and a beta of 1.32. Visteon Co. has a 1-year low of $65.10 and a 1-year high of $117.94. The firm's 50-day moving average is $81.08 and its 200-day moving average is $86.82.
Visteon (NASDAQ:VC - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current fiscal year.
Analyst Ratings Changes
VC has been the subject of several recent analyst reports. The Goldman Sachs Group restated a "neutral" rating and issued a $74.00 target price (down previously from $103.00) on shares of Visteon in a research note on Thursday. UBS Group restated a "neutral" rating and issued a $76.00 price objective (down previously from $114.00) on shares of Visteon in a research report on Thursday. Royal Bank of Canada dropped their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company raised 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. Finally, Morgan Stanley dropped their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $108.75.
View Our Latest Analysis on Visteon
About Visteon
(
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.
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