23,629 Shares in Visteon Co. (NASDAQ:VC) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Visteon Co. (NASDAQ:VC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,629 shares of the company's stock, valued at approximately $2,250,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Visteon at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company's stock worth $344,520,000 after acquiring an additional 48,457 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Visteon by 10.0% in the 2nd 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 during the period. Massachusetts Financial Services Co. MA lifted its stake in Visteon by 6.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after purchasing an additional 55,465 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Visteon by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after purchasing an additional 83,840 shares during the period. Finally, Millennium Management LLC increased its position in Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after buying an additional 111,377 shares during the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Performance

Shares of VC stock traded up $4.13 during trading on Monday, hitting $96.14. The company's stock had a trading volume of 86,248 shares, compared to its average volume of 275,521. The company has a current ratio of 1.82, a quick ratio of 1.47 and a debt-to-equity ratio of 0.24. The company has a market cap of $2.66 billion, a PE ratio of 5.00, a P/E/G ratio of 0.44 and a beta of 1.45. The business has a fifty day moving average of $92.23 and a 200-day moving average of $100.89. Visteon Co. has a 52 week low of $86.27 and a 52 week high of $131.70.

Visteon (NASDAQ:VC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.37. The business 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 quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.35 earnings per share. As a group, research analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current year.

Analyst Ratings Changes

VC has been the subject of a number of research reports. The Goldman Sachs Group cut their target price on shares of Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a research note on Tuesday, October 1st. StockNews.com lowered Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Wells Fargo & Company upgraded Visteon from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $115.00 to $122.00 in a research note on Friday, September 20th. JPMorgan Chase & Co. dropped their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a report on Monday, October 21st. Finally, Barclays decreased their price target on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.57.

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.