19,060 Shares in Visteon Co. (NASDAQ:VC) Bought by Cardinal Capital Management

Cardinal Capital Management acquired a new stake in shares of Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,060 shares of the company's stock, valued at approximately $1,691,000. Cardinal Capital Management owned 0.07% of Visteon at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC grew its stake in shares of Visteon by 46.7% during the third quarter. Signaturefd LLC now owns 421 shares of the company's stock valued at $40,000 after buying an additional 134 shares during the last quarter. KBC Group NV grew its stake in shares of Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after buying an additional 247 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after buying an additional 754 shares during the last quarter. Covestor Ltd grew its stake in shares of Visteon by 14.8% during the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock valued at $149,000 after buying an additional 202 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in shares of Visteon during the third quarter valued at approximately $164,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VC has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays dropped their price objective on Visteon from $140.00 to $115.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. StockNews.com cut Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Finally, Wells Fargo & Company increased their price objective on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and an average price target of $123.77.

Visteon Stock Down 2.3 %

Shares of VC traded down $2.07 during midday trading on Friday, hitting $88.61. 373,429 shares of the company's stock traded hands, compared to its average volume of 327,518. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $121.45. The firm's fifty day moving average is $85.50 and its 200-day moving average is $91.15. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 0.40 and a beta of 1.44.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million during the quarter, compared to analyst estimates of $954.17 million. As a group, sell-side analysts anticipate that Visteon Co. will post 8.81 earnings per share for the current year.

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.