Sei Investments Co. boosted its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 93.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,603 shares of the company's stock after buying an additional 71,202 shares during the quarter. Sei Investments Co. owned 0.53% of Visteon worth $13,095,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of VC. Signaturefd LLC boosted its stake in shares of Visteon by 62.5% during the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after acquiring an additional 263 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Visteon by 136.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after purchasing an additional 754 shares during the period. KBC Group NV boosted its position in shares of Visteon by 49.9% in the 4th quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares during the period. Morse Asset Management Inc acquired a new stake in Visteon during the 3rd quarter worth about $164,000. Finally, Entropy Technologies LP purchased a new stake in Visteon during the fourth quarter valued at about $214,000. 99.71% of the stock is owned by institutional investors and hedge funds.
Visteon Stock Performance
Visteon stock traded up $1.58 during trading hours on Wednesday, reaching $78.96. 242,165 shares of the company were exchanged, compared to its average volume of 295,880. Visteon Co. has a 12 month low of $75.75 and a 12 month high of $117.94. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 8.05, 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 stock has a 50-day moving average of $83.63 and a 200 day moving average of $88.25.
Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $2.47. The business had revenue of $939.00 million for the quarter, compared to analyst estimates of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, research analysts anticipate that Visteon Co. will post 8.42 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on VC. Barclays dropped their target price on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. TD Cowen started coverage on shares of Visteon in a research report on Friday, March 7th. They issued a "buy" rating and a $108.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock 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 for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Six equities research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $117.25.
View Our Latest Analysis on Visteon
Visteon Profile
(
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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