KLP Kapitalforvaltning AS Acquires Shares of 5,800 Visteon Co. (NASDAQ:VC)

KLP Kapitalforvaltning AS bought a new stake in Visteon Co. (NASDAQ:VC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,800 shares of the company's stock, valued at approximately $515,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Visteon by 89.3% during the 3rd quarter. FMR LLC now owns 3,354 shares of the company's stock worth $319,000 after buying an additional 1,582 shares during the last quarter. Centiva Capital LP raised its holdings in Visteon by 89.0% during the third quarter. Centiva Capital LP now owns 9,251 shares of the company's stock worth $881,000 after acquiring an additional 4,357 shares in the last quarter. Holocene Advisors LP boosted its position in Visteon by 25.1% during the third quarter. Holocene Advisors LP now owns 34,880 shares of the company's stock valued at $3,322,000 after purchasing an additional 6,996 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Visteon during the third quarter valued at approximately $10,779,000. Finally, Morse Asset Management Inc bought a new position in Visteon in the third quarter valued at approximately $164,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Wall Street Analyst Weigh In

VC has been the topic of a number of analyst reports. Barclays dropped their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. TD Cowen initiated coverage on shares of Visteon in a research report on Friday, March 7th. They set a "buy" rating and a $108.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. 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 report on Monday, March 3rd. Finally, Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Visteon currently has an average rating of "Moderate Buy" and a consensus price target of $117.25.

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Visteon Stock Performance

Shares of NASDAQ VC traded down $3.59 during trading hours on Tuesday, reaching $67.26. 434,420 shares of the stock were exchanged, compared to its average volume of 299,746. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 0.42 and a beta of 1.32. The stock's fifty day simple moving average is $82.12 and its 200 day simple moving average is $87.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. Visteon Co. has a 52 week low of $66.37 and a 52 week high of $117.94.

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

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.