Visteon Co. (NASDAQ:VC) Position Boosted by Barclays PLC

Barclays PLC lifted its stake in Visteon Co. (NASDAQ:VC - Free Report) by 66.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,916 shares of the company's stock after purchasing an additional 42,200 shares during the quarter. Barclays PLC owned 0.38% of Visteon worth $9,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in Visteon by 225.3% in the 4th quarter. Quadrant Capital Group LLC now owns 501 shares of the company's stock worth $44,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Visteon by 62.5% during the fourth 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. Nomura Asset Management Co. Ltd. boosted its position in Visteon by 884.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,181 shares of the company's stock valued at $105,000 after purchasing an additional 1,061 shares during the last quarter. Nisa Investment Advisors LLC boosted its position 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 purchasing an additional 754 shares during the last quarter. Finally, KBC Group NV grew its stake in Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock valued at $120,000 after purchasing an additional 450 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Trading Up 2.7 %

Shares of VC stock opened at $73.63 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. Visteon Co. has a 1 year low of $65.10 and a 1 year high of $117.94. The firm's fifty day simple moving average is $79.70 and its 200 day simple moving average is $85.71. The firm has a market capitalization of $1.99 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.42 and a beta of 1.32.

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

Wall Street Analyst Weigh In

VC has been the subject of several research reports. Royal Bank of Canada reduced their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. UBS Group reissued a "neutral" rating and issued a $76.00 target price (down from $114.00) on shares of Visteon in a research report on Thursday, April 10th. The Goldman Sachs Group restated a "neutral" rating and set a $74.00 price target (down previously from $103.00) on shares of Visteon in a report on Thursday, April 10th. Wells Fargo & Company lifted their price objective on shares of Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Barclays restated an "equal weight" rating and set a $82.00 target price (down from $110.00) on shares of Visteon in a report on Tuesday, April 15th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $99.83.

Visteon Company 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.

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