Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Visteon Co. (NASDAQ:VC)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,828 shares of the company's stock after buying an additional 7,235 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.13% of Visteon worth $3,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VC. Signaturefd LLC boosted its holdings in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after buying an additional 263 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after purchasing an additional 754 shares during the period. KBC Group NV increased its position in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after buying an additional 450 shares during the period. Morse Asset Management Inc purchased a new stake in shares of Visteon in the third quarter worth about $164,000. Finally, Entropy Technologies LP purchased a new position in Visteon during the fourth quarter valued at approximately $214,000. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on VC shares. 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 for the company. Morgan Stanley dropped their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, March 3rd. Wells Fargo & Company raised their target price on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Barclays cut their price target on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada lowered their price objective 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $117.25.

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Visteon Trading Down 3.3 %

NASDAQ:VC traded down $2.49 during mid-day trading on Friday, reaching $72.34. 513,914 shares of the company's stock traded hands, compared to its average volume of 297,876. Visteon Co. has a 12-month low of $68.61 and a 12-month high of $117.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The company has a 50 day moving average price of $83.16 and a 200-day moving average price of $87.96. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 0.42 and a beta of 1.32.

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