Intech Investment Management LLC Grows Stock Holdings in Visteon Co. (NASDAQ:VC)

Intech Investment Management LLC grew its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 205.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,853 shares of the company's stock after purchasing an additional 8,651 shares during the period. Intech Investment Management LLC's holdings in Visteon were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Visteon by 1,459.9% during the 2nd quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock valued at $55,860,000 after purchasing an additional 489,959 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock valued at $161,760,000 after buying an additional 137,264 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Visteon by 24.4% in the 2nd quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after acquiring an additional 111,377 shares during the last quarter. Lodge Hill Capital LLC purchased a new stake in Visteon during the 2nd quarter valued at about $11,204,000. Finally, Dimensional Fund Advisors LP grew its position in Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock worth $71,552,000 after acquiring an additional 83,840 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Visteon Stock Down 4.6 %

Shares of VC opened at $91.47 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 4.97, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. Visteon Co. has a 1 year low of $86.27 and a 1 year high of $131.70. The business's 50 day simple moving average is $92.29 and its 200-day simple moving average is $100.59.

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

Analyst Upgrades and Downgrades

VC has been the topic of a number of recent analyst reports. Wolfe Research began coverage on Visteon in a research report on Thursday, September 5th. They issued a "peer perform" rating on the stock. Royal Bank of Canada cut their price target on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $124.00 price objective on shares of Visteon in a research report on Tuesday, September 10th. JPMorgan Chase & Co. dropped their target price on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating for the company in a research report on Monday, October 21st. Finally, Barclays reduced their price target on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 15th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Visteon currently has a consensus rating of "Moderate Buy" and an average target price of $127.57.

About Visteon

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.