Magnetar Financial LLC Increases Position in Visteon Co. (NASDAQ:VC)

Magnetar Financial LLC boosted its position in Visteon Co. (NASDAQ:VC - Free Report) by 165.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,715 shares of the company's stock after purchasing an additional 13,530 shares during the quarter. Magnetar Financial LLC owned about 0.08% of Visteon worth $1,927,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Visteon by 0.4% in the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company's stock valued at $97,608,000 after buying an additional 3,918 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Visteon by 6.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock worth $82,255,000 after purchasing an additional 55,465 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Visteon by 1.2% in the third quarter. Geode Capital Management LLC now owns 668,682 shares of the company's stock valued at $63,698,000 after acquiring an additional 7,743 shares during the period. Bank of New York Mellon Corp boosted its stake in Visteon by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company's stock worth $56,857,000 after purchasing an additional 12,900 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Visteon by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock worth $60,841,000 after buying an additional 88,288 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. TD Cowen initiated coverage on shares of Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 target price for the company. Barclays dropped their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Morgan Stanley reduced their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada decreased their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.25.

Visteon Stock Up 0.7 %

NASDAQ:VC traded up $0.60 during mid-day trading on Tuesday, hitting $82.05. The company had a trading volume of 253,134 shares, compared to its average volume of 286,234. The business has a fifty day simple moving average of $84.34 and a 200-day simple moving average of $88.85. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.42 and a beta of 1.39. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16. 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 announced its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate of $1.97 by $2.47. The business 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%. Equities analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

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.