Visteon Co. (NASDAQ:VC) Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. raised its stake in Visteon Co. (NASDAQ:VC - Free Report) by 58.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,448,017 shares of the company's stock after purchasing an additional 536,073 shares during the period. American Century Companies Inc. owned about 5.24% of Visteon worth $128,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Signaturefd LLC lifted its stake in Visteon by 62.5% during the fourth quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after acquiring an additional 754 shares during the last quarter. KBC Group NV grew its holdings in shares of Visteon by 49.9% during the fourth quarter. KBC Group NV now owns 1,352 shares of the company's stock worth $120,000 after purchasing an additional 450 shares during the last quarter. Morse Asset Management Inc acquired a new position in Visteon in the third quarter valued at $164,000. Finally, Entropy Technologies LP purchased a new position in shares of Visteon during the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Visteon Stock Performance

VC traded down $4.59 during trading on Thursday, reaching $79.77. 554,723 shares of the company were exchanged, compared to its average volume of 288,007. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $119.16. The stock has a market cap of $2.16 billion, a P/E ratio of 8.13, 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 firm has a 50 day moving average of $84.29 and a 200 day moving average of $88.72.

Remove Ads

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results 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 return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million for the quarter, compared to analysts' expectations of $954.17 million. On average, sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

VC has been the subject of several analyst reports. Morgan Stanley cut their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Barclays reduced their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. TD Cowen initiated coverage on Visteon in a report on Friday, March 7th. They set a "buy" rating and a $108.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.25.

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.