LSV Asset Management Purchases Shares of 7,087 Visteon Co. (NASDAQ:VC)

LSV Asset Management acquired a new stake in Visteon Co. (NASDAQ:VC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,087 shares of the company's stock, valued at approximately $629,000.

Several other institutional investors also recently modified their holdings of VC. LPL Financial LLC lifted its position in Visteon by 2.6% during the fourth quarter. LPL Financial LLC now owns 6,166 shares of the company's stock worth $547,000 after acquiring an additional 156 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock worth $1,881,000 after purchasing an additional 171 shares during the period. Xponance Inc. raised its holdings in Visteon by 4.7% in the 4th quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after acquiring an additional 175 shares in the last quarter. Inspire Investing LLC raised its stake in Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after buying an additional 263 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Up 1.6 %

Shares of Visteon stock traded up $1.10 during trading on Friday, hitting $71.81. The company's stock had a trading volume of 248,048 shares, compared to its average volume of 305,703. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. Visteon Co. has a 52 week low of $65.10 and a 52 week high of $117.94. The stock has a 50-day moving average price of $80.22 and a two-hundred day moving average price of $86.18.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VC. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $74.00 target price (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. TD Cowen started coverage on Visteon in a research note on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Royal Bank of Canada reduced 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. Finally, Barclays reiterated an "equal weight" rating and set a $82.00 price objective (down from $110.00) on shares of Visteon in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $100.64.

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.