Barclays PLC Raises Stock Holdings in Visteon Co. (NASDAQ:VC)

Barclays PLC raised its position in Visteon Co. (NASDAQ:VC - Free Report) by 60.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,716 shares of the company's stock after purchasing an additional 23,893 shares during the period. Barclays PLC owned 0.23% of Visteon worth $6,068,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Visteon by 10.0% in the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after purchasing an additional 137,264 shares in the last quarter. State Street Corp increased its holdings in shares of Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company's stock worth $97,608,000 after buying an additional 3,918 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Visteon by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after buying an additional 55,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after acquiring an additional 83,840 shares during the last quarter. Finally, Millennium Management LLC grew its position in Visteon by 24.4% in the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after acquiring an additional 111,377 shares in the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Performance

Shares of Visteon stock traded up $0.22 during trading on Friday, hitting $85.71. 801,868 shares of the company's stock traded hands, compared to its average volume of 281,267. Visteon Co. has a 1 year low of $84.01 and a 1 year high of $130.10. The business has a 50-day simple moving average of $91.68 and a 200-day simple moving average of $98.22. The stock has a market capitalization of $2.37 billion, a P/E ratio of 4.65, a PEG ratio of 0.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The company had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 earnings per share. As a group, analysts forecast that Visteon Co. will post 8.2 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of Visteon in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. JPMorgan Chase & Co. cut their price target on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Barclays reduced their price objective on Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Royal Bank of Canada lowered their target price on Visteon from $129.00 to $124.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price target on Visteon from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.15.

Visteon Company 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.