Value Holdings Management CO. LLC Acquires 15,000 Shares of Visteon Co. (NASDAQ:VC)

Value Holdings Management CO. LLC raised its holdings in Visteon Co. (NASDAQ:VC - Free Report) by 90.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 31,500 shares of the company's stock after acquiring an additional 15,000 shares during the period. Visteon accounts for about 0.5% of Value Holdings Management CO. LLC's holdings, making the stock its 29th biggest position. Value Holdings Management CO. LLC owned 0.11% of Visteon worth $2,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VC. Acadian Asset Management LLC bought a new position in Visteon during the 2nd quarter worth approximately $89,000. Dimensional Fund Advisors LP increased its stake in Visteon by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock valued at $71,552,000 after buying an additional 83,840 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Visteon by 39.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,153 shares of the company's stock valued at $657,000 after purchasing an additional 1,726 shares in the last quarter. Inspire Investing LLC boosted its stake in Visteon by 8.2% during the second quarter. Inspire Investing LLC now owns 3,295 shares of the company's stock valued at $352,000 after buying an additional 249 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Visteon in the 2nd quarter worth approximately $448,000. 99.71% of the stock is currently owned by institutional investors and hedge funds.

Visteon Stock Down 0.3 %

Shares of NASDAQ:VC traded down $0.26 during midday trading on Friday, reaching $84.03. 211,444 shares of the company were exchanged, compared to its average volume of 253,435. Visteon Co. has a fifty-two week low of $81.74 and a fifty-two week high of $123.73. The company has a quick ratio of 1.47, a current ratio of 1.82 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $89.63 and a two-hundred day simple moving average of $95.40. The firm has a market cap of $2.32 billion, a PE ratio of 4.56, a P/E/G ratio of 0.36 and a beta of 1.45.

Visteon (NASDAQ:VC - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.89 by $0.37. The company had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 EPS. As a group, sell-side analysts forecast that Visteon Co. will post 8.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VC shares. JPMorgan Chase & Co. cut their target price on shares of Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company dropped their target price on Visteon from $122.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. StockNews.com lowered shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. The Goldman Sachs Group cut their price objective on Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Finally, Royal Bank of Canada dropped their target price on Visteon from $129.00 to $124.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.15.

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.