Massachusetts Financial Services Co. MA Has $82.26 Million Stock Holdings in Visteon Co. (NASDAQ:VC)

Massachusetts Financial Services Co. MA raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 863,657 shares of the company's stock after acquiring an additional 55,465 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.13% of Visteon worth $82,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company's stock worth $344,520,000 after acquiring an additional 48,457 shares during the period. Victory Capital Management Inc. raised its position in Visteon by 10.0% during the second quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after acquiring an additional 137,264 shares during the period. Dimensional Fund Advisors LP raised its position in Visteon by 14.3% during the second 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 period. Millennium Management LLC raised its position in Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock worth $60,663,000 after acquiring an additional 111,377 shares during the period. Finally, American Century Companies Inc. raised its position in Visteon by 1,459.9% during the second quarter. American Century Companies Inc. now owns 523,521 shares of the company's stock worth $55,860,000 after acquiring an additional 489,959 shares during the period. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the subject of a number of analyst reports. Barclays dropped their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. Wolfe Research began coverage on shares of Visteon in a research note on Thursday, September 5th. They set a "peer perform" rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $124.00 target price on shares of Visteon in a research note on Tuesday, September 10th. StockNews.com lowered shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Finally, Morgan Stanley lowered their target price on shares of Visteon from $135.00 to $100.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 14th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Visteon has an average rating of "Moderate Buy" and a consensus target price of $127.57.

Visteon Trading Up 4.4 %

NASDAQ VC traded up $4.07 on Monday, reaching $96.08. The company had a trading volume of 111,033 shares, compared to its average volume of 275,630. The stock's 50 day moving average is $92.23 and its 200-day moving average is $100.89. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.44 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. Visteon Co. has a 52 week low of $86.27 and a 52 week high of $131.70.

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