Fox Run Management L.L.C. boosted its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 63.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,317 shares of the company's stock after purchasing an additional 5,535 shares during the period. Fox Run Management L.L.C. owned approximately 0.05% of Visteon worth $1,270,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Visteon by 58.8% in the 4th quarter. American Century Companies Inc. now owns 1,448,017 shares of the company's stock valued at $128,468,000 after purchasing an additional 536,073 shares during the period. Raymond James Financial Inc. purchased a new position in Visteon in the fourth quarter valued at $10,170,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Visteon in the third quarter worth about $10,779,000. JPMorgan Chase & Co. boosted its stake in shares of Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock worth $60,841,000 after acquiring an additional 88,288 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new stake in shares of Visteon during the 4th quarter valued at about $7,730,000. Hedge funds and other institutional investors own 99.71% of the company's stock.
Visteon Trading Up 0.1 %
NASDAQ:VC traded up $0.10 on Tuesday, reaching $81.55. The company's stock had a trading volume of 75,523 shares, compared to its average volume of 286,234. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $119.16. The stock has a 50 day moving average price of $84.34 and a 200 day moving average price of $88.85.
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, topping the consensus estimate of $1.97 by $2.47. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The firm had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. On average, equities analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.
Wall Street Analyst Weigh In
VC has been the subject of a number of analyst reports. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target for the company. Wells Fargo & Company upped their target price on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Royal Bank of Canada dropped their price target on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Barclays reduced their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Morgan Stanley dropped their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.25.
View Our Latest Report on Visteon
About Visteon
(
Free Report)
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.
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