Proficio Capital Partners LLC Takes Position in Visteon Co. (NASDAQ:VC)

Proficio Capital Partners LLC bought a new position in Visteon Co. (NASDAQ:VC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,810 shares of the company's stock, valued at approximately $2,645,000. Proficio Capital Partners LLC owned 0.11% of Visteon as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of Visteon by 0.8% during the third quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after buying an additional 171 shares during the period. Covestor Ltd grew its stake in Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock valued at $149,000 after purchasing an additional 202 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Visteon by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock valued at $306,000 after purchasing an additional 215 shares during the last quarter. Inspire Investing LLC grew its stake in Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the last quarter. Finally, KBC Group NV grew its stake in Visteon by 37.7% in 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 during the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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Visteon Stock Performance

Shares of Visteon stock traded up $0.33 on Friday, reaching $87.68. 327,678 shares of the stock were exchanged, compared to its average volume of 328,165. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a twelve month low of $75.75 and a twelve month high of $121.45. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 0.42 and a beta of 1.39. The business has a 50 day moving average price of $85.30 and a two-hundred day moving average price of $90.32.

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, beating the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to analysts' expectations of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on VC shares. Wells Fargo & Company lifted their target price on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. TD Cowen assumed coverage on Visteon in a report on Friday. They issued a "buy" rating and a $108.00 price target for the company. Barclays lowered their price target on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Royal Bank of Canada lowered their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley lowered their price target on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.25.

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.