Norges Bank Purchases Shares of 332,150 Visteon Co. (NASDAQ:VC)

Norges Bank 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 332,150 shares of the company's stock, valued at approximately $29,468,000. Norges Bank owned approximately 1.20% of Visteon as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock valued at $61,000 after purchasing an additional 263 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares during the last quarter. KBC Group NV boosted its stake in Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after buying an additional 450 shares during the period. Morse Asset Management Inc purchased a new position in Visteon during the third quarter worth $164,000. Finally, Entropy Technologies LP bought a new position in Visteon during the fourth quarter valued at $214,000. Institutional investors own 99.71% of the company's stock.

Visteon Stock Up 1.6 %

Shares of VC stock traded up $1.07 on Friday, hitting $68.11. The stock had a trading volume of 422,094 shares, compared to its average volume of 302,961. Visteon Co. has a one year low of $65.10 and a one year high of $117.94. The business has a 50 day moving average price of $81.08 and a 200 day moving average price of $86.82. The company has a market cap of $1.84 billion, a PE ratio of 6.94, a P/E/G ratio of 0.42 and a beta of 1.32. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23.

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Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, topping the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analysts' expectations of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. Research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

VC has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Morgan Stanley dropped their target price 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. TD Cowen started coverage on Visteon in a report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target on the stock. UBS Group reissued a "neutral" rating and set a $76.00 price target (down from $114.00) on shares of Visteon in a research note on Thursday. Finally, Royal Bank of Canada cut their price objective on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.