Proficio Capital Partners LLC Makes New Investment in Visteon Co. (NASDAQ:VC)

Proficio Capital Partners LLC bought a new position in shares of Visteon Co. (NASDAQ:VC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 29,810 shares of the company's stock, valued at approximately $2,645,000. Proficio Capital Partners LLC owned 0.11% of Visteon at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Visteon during the 3rd quarter valued at about $10,779,000. JPMorgan Chase & Co. lifted its holdings in shares of Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock valued at $60,841,000 after purchasing an additional 88,288 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Visteon during the 4th quarter valued at about $7,730,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Visteon by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company's stock valued at $82,255,000 after purchasing an additional 55,465 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Visteon by 145.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 83,010 shares of the company's stock valued at $7,906,000 after purchasing an additional 49,210 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VC has been the topic of several recent analyst reports. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Morgan Stanley cut their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, March 3rd. Barclays cut their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Finally, Royal Bank of Canada cut their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.25.

Remove Ads

Visteon Stock Down 2.1 %

Shares of Visteon stock traded down $1.76 on Friday, reaching $80.28. 853,737 shares of the company were exchanged, compared to its average volume of 286,234. Visteon Co. has a one year low of $75.75 and a one year high of $119.16. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.42 and a beta of 1.39. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $84.38 and a 200 day moving average of $89.12.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. On average, equities research analysts forecast 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.