Raymond James Financial Inc. bought a new position in Visteon Co. (NASDAQ:VC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 114,634 shares of the company's stock, valued at approximately $10,170,000. Raymond James Financial Inc. owned about 0.42% of Visteon at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV lifted its stake in shares of Visteon by 37.7% in the 3rd 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. Nisa Investment Advisors LLC raised its holdings in Visteon by 136.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after buying an additional 754 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of Visteon in the third quarter worth about $164,000. Entropy Technologies LP bought a new stake in shares of Visteon during the 4th quarter worth about $214,000. Finally, XTX Topco Ltd acquired a new position in shares of Visteon during the 3rd quarter valued at about $230,000. 99.71% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on VC shares. Barclays reduced their target price on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Wells Fargo & Company boosted their price objective 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 lowered their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada cut their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, February 19th. Finally, TD Cowen started coverage on Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 price target on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Visteon presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.25.
Read Our Latest Stock Analysis on VC
Visteon Stock Performance
Shares of VC stock traded up $0.60 during mid-day trading on Tuesday, reaching $82.05. The stock had a trading volume of 253,134 shares, 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 firm has a market cap of $2.22 billion, a PE ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39. The firm's 50 day simple moving average is $84.34 and its 200 day simple moving average is $88.85. 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 (NASDAQ:VC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $4.44 EPS 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 return on equity of 24.58% and a net margin of 7.09%. On average, analysts forecast that Visteon Co. will post 8.42 EPS for the current year.
Visteon Profile
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Free Report)
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.
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