Visteon Co. (NASDAQ:VC) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 16.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 638,821 shares of the company's stock after buying an additional 88,288 shares during the period. JPMorgan Chase & Co. owned 2.31% of Visteon worth $60,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its stake in Visteon by 70.8% during the 2nd quarter. Signaturefd LLC now owns 287 shares of the company's stock worth $31,000 after acquiring an additional 119 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Visteon by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 20,620 shares of the company's stock valued at $1,881,000 after purchasing an additional 171 shares during the last quarter. Covestor Ltd boosted its position in shares of Visteon by 14.8% in the 3rd 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 period. State of Alaska Department of Revenue grew its stake in Visteon by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock worth $306,000 after buying an additional 215 shares during the last quarter. Finally, KBC Group NV increased its position in Visteon by 37.7% during the third quarter. KBC Group NV now owns 902 shares of the company's stock worth $86,000 after buying an additional 247 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Visteon from $130.00 to $117.00 and set a "buy" rating on the stock in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Royal Bank of Canada lowered their price objective on shares of Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. StockNews.com downgraded shares of Visteon from a "buy" rating to a "hold" rating in a research report on Sunday, November 3rd. Finally, Barclays lowered their target price on shares of Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.15.

Visteon Trading Up 0.5 %

NASDAQ:VC traded up $0.43 during mid-day trading on Friday, reaching $87.24. The company's stock had a trading volume of 380,229 shares, compared to its average volume of 327,465. Visteon Co. has a twelve month low of $84.01 and a twelve month high of $123.73. The company's fifty day simple moving average is $91.22 and its two-hundred day simple moving average is $96.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47. The stock has a market cap of $2.41 billion, a P/E ratio of 4.74, a P/E/G ratio of 0.44 and a beta of 1.44.

Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to analysts' expectations of $965.60 million. Visteon had a net margin of 13.22% and a return on equity of 46.19%. The business's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 EPS. On average, equities analysts predict that Visteon Co. will post 8.2 EPS for the current year.

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.