Massachusetts Financial Services Co. MA Purchases 45,058 Shares of Visteon Co. (NASDAQ:VC)

Massachusetts Financial Services Co. MA grew its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 908,715 shares of the company's stock after buying an additional 45,058 shares during the period. Massachusetts Financial Services Co. MA owned 3.29% of Visteon worth $80,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VC. Nordea Investment Management AB purchased a new stake in Visteon during the 4th quarter worth about $7,730,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after buying an additional 25,319 shares in the last quarter. Sei Investments Co. boosted its position in shares of Visteon by 93.2% in the fourth quarter. Sei Investments Co. now owns 147,603 shares of the company's stock valued at $13,095,000 after acquiring an additional 71,202 shares during the period. Value Holdings Management CO. LLC grew its stake in Visteon by 90.9% during the fourth quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock valued at $2,795,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Visteon by 39.2% during the fourth quarter. Royce & Associates LP now owns 281,508 shares of the company's stock valued at $24,975,000 after acquiring an additional 79,294 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

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Visteon Stock Down 10.4 %

Shares of VC traded down $7.65 on Thursday, hitting $66.12. 235,604 shares of the stock traded hands, compared to its average volume of 300,470. Visteon Co. has a one year low of $65.24 and a one year high of $117.94. The company has a market capitalization of $1.79 billion, a PE ratio of 6.74, a P/E/G ratio of 0.42 and a beta of 1.32. The business has a 50 day simple moving average of $81.65 and a 200 day simple moving average of $87.21. 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 (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $954.17 million. As a group, equities analysts forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on VC. Wells Fargo & Company upped their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley decreased their target price 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. UBS Group reiterated a "neutral" rating and set a $76.00 price target (down previously from $114.00) on shares of Visteon in a research report on Thursday. Barclays decreased their price objective on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $74.00 target price (down from $103.00) on shares of Visteon in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.75.

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.