Franklin Resources Inc. Buys 5,765 Shares of Visteon Co. (NASDAQ:VC)

Franklin Resources Inc. lifted its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,385 shares of the company's stock after buying an additional 5,765 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Visteon worth $2,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VC. Signaturefd LLC lifted its position in shares of Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Visteon by 884.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock worth $105,000 after buying an additional 1,061 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Visteon by 136.8% in the 4th 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. KBC Group NV increased its stake in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after buying an additional 450 shares during the period. Finally, Morse Asset Management Inc acquired a new position in shares of Visteon during the third quarter valued at $164,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Stock Up 1.6 %

Shares of VC stock traded up $1.10 during trading hours on Friday, hitting $71.81. 248,048 shares of the company were exchanged, compared to its average volume of 305,817. The company has a market capitalization of $1.94 billion, a PE ratio of 7.32, a PEG ratio of 0.42 and a beta of 1.32. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The business has a 50 day moving average of $80.03 and a two-hundred day moving average of $86.03. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million for the quarter, compared to the consensus estimate of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VC shares. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research report on Thursday, April 10th. Morgan Stanley lowered their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. UBS Group reaffirmed a "neutral" rating and set a $76.00 price objective (down from $114.00) on shares of Visteon in a research note on Thursday, April 10th. Wells Fargo & Company increased their target price on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, TD Cowen assumed coverage on Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $100.64.

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.