Visteon Co. (NASDAQ:VC) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP boosted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 157.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,842 shares of the company's stock after acquiring an additional 16,419 shares during the period. Bridgewater Associates LP owned 0.10% of Visteon worth $2,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its position in Visteon by 1,459.9% in the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock worth $55,860,000 after buying an additional 489,959 shares during the last quarter. Victory Capital Management Inc. increased its stake in Visteon by 10.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after buying an additional 137,264 shares in the last quarter. Millennium Management LLC boosted its stake in Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after purchasing an additional 111,377 shares during the period. Lodge Hill Capital LLC purchased a new stake in Visteon in the 2nd quarter worth $11,204,000. Finally, Dimensional Fund Advisors LP boosted its stake in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock valued at $71,552,000 after buying an additional 83,840 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Up 1.4 %

Shares of VC traded up $1.30 on Friday, hitting $93.37. The company's stock had a trading volume of 200,793 shares, compared to its average volume of 253,404. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 5.07, a P/E/G ratio of 0.45 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon Co. has a fifty-two week low of $86.27 and a fifty-two week high of $131.70. The firm's fifty day moving average price is $92.19 and its 200-day moving average price is $100.20.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.35 earnings per share. On average, equities research analysts expect that Visteon Co. will post 8.2 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on VC. StockNews.com lowered shares of Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They issued a "peer perform" rating for the company. The Goldman Sachs Group dropped their price target on Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a research note on Tuesday, October 1st. Wells Fargo & Company upgraded Visteon from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $115.00 to $122.00 in a research note on Friday, September 20th. Finally, Morgan Stanley decreased their price target on Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a report on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $127.57.

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.