Royce & Associates LP Buys 79,294 Shares of Visteon Co. (NASDAQ:VC)

Royce & Associates LP lifted its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,508 shares of the company's stock after acquiring an additional 79,294 shares during the period. Royce & Associates LP owned approximately 1.02% of Visteon worth $24,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VC. KBC Group NV lifted its position in shares of 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. Nisa Investment Advisors LLC lifted its position in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock worth $116,000 after buying an additional 754 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of Visteon in the 3rd quarter worth approximately $164,000. Entropy Technologies LP bought a new position in shares of Visteon in the fourth quarter valued at approximately $214,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visteon during the third quarter valued at approximately $230,000. Institutional investors and hedge funds own 99.71% of the company's stock.

Visteon Price Performance

VC stock traded up $1.14 during mid-day trading on Thursday, reaching $82.04. 391,396 shares of the company traded hands, compared to its average volume of 283,979. The company has a fifty day moving average price of $84.48 and a 200-day moving average price of $89.32. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16. The company has a market capitalization of $2.22 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47.

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

Analyst Upgrades and Downgrades

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

About Visteon

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.