Charles Schwab Investment Management Inc. Acquires 15,951 Shares of Visteon Co. (NASDAQ:VC)

Charles Schwab Investment Management Inc. lifted its position in Visteon Co. (NASDAQ:VC - Free Report) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,290 shares of the company's stock after acquiring an additional 15,951 shares during the period. Charles Schwab Investment Management Inc. owned about 1.24% of Visteon worth $32,504,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of Visteon by 29.4% during the first quarter. Tidal Investments LLC now owns 6,232 shares of the company's stock worth $733,000 after purchasing an additional 1,415 shares during the period. Cetera Advisors LLC acquired a new stake in shares of Visteon in the first quarter worth $263,000. Mather Group LLC. acquired a new stake in shares of Visteon in the second quarter worth $59,000. SG Americas Securities LLC lifted its stake in shares of Visteon by 174.5% in the second quarter. SG Americas Securities LLC now owns 4,090 shares of the company's stock worth $436,000 after buying an additional 2,600 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Visteon by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,461 shares of the company's stock worth $689,000 after acquiring an additional 1,000 shares during the period. 99.71% of the stock is owned by hedge funds and other institutional investors.

Visteon Trading Up 0.7 %

Visteon stock traded up $0.65 during trading hours on Wednesday, reaching $95.76. 352,284 shares of the company's stock traded hands, compared to its average volume of 276,551. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 1.82. Visteon Co. has a fifty-two week low of $86.27 and a fifty-two week high of $131.70. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 5.16, a PEG ratio of 0.45 and a beta of 1.44. The firm's 50 day moving average is $92.17 and its 200-day moving average is $99.81.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VC. Royal Bank of Canada dropped their target price on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Morgan Stanley lowered their price target on shares of Visteon from $135.00 to $100.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. lowered their price target on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. StockNews.com lowered shares of Visteon from a "buy" rating to a "hold" rating in a report on Sunday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average 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.