Nordea Investment Management AB Invests $7.73 Million in Visteon Co. (NASDAQ:VC)

Nordea Investment Management AB purchased a new stake in shares of Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 85,894 shares of the company's stock, valued at approximately $7,730,000. Nordea Investment Management AB owned 0.31% of Visteon at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Visteon by 46.7% in the 3rd quarter. Signaturefd LLC now owns 421 shares of the company's stock valued at $40,000 after purchasing an additional 134 shares during the period. KBC Group NV grew its position in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Visteon in the 2nd quarter valued at approximately $89,000. Covestor Ltd lifted its position in Visteon by 14.8% in the 3rd quarter. Covestor Ltd now owns 1,567 shares of the company's stock worth $149,000 after buying an additional 202 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of Visteon during the 3rd quarter valued at $164,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group cut their price objective on shares of Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a research report on Tuesday, October 1st. JPMorgan Chase & Co. dropped their price target on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Barclays reduced their price objective on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their target price on shares of Visteon from $122.00 to $119.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, Royal Bank of Canada cut their target price on Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.15.

Visteon Price Performance

Shares of VC traded down $2.46 during trading hours on Friday, hitting $82.46. The stock had a trading volume of 225,041 shares, compared to its average volume of 270,040. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 4.48, a P/E/G ratio of 0.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The company's fifty day moving average is $90.40 and its two-hundred day moving average is $96.24. Visteon Co. has a 52 week low of $82.14 and a 52 week high of $123.73.

Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $2.26 EPS 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 business had revenue of $980.00 million for the quarter, compared to the consensus estimate of $965.60 million. During the same period in the previous year, the business earned $2.35 EPS. Visteon's revenue was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Visteon Co. will post 8.2 EPS for the current year.

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.