American Century Companies Inc. Has $128.47 Million Stock Position in Visteon Co. (NASDAQ:VC)

American Century Companies Inc. raised its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 58.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 5.24% of Visteon worth $128,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings in 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 acquiring an additional 171 shares during the last quarter. Xponance Inc. lifted its holdings in Visteon by 4.7% during the 4th quarter. Xponance Inc. now owns 3,898 shares of the company's stock valued at $346,000 after buying an additional 175 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of Visteon by 5.0% in the fourth quarter. Inspire Investing LLC now owns 4,533 shares of the company's stock valued at $402,000 after purchasing an additional 216 shares during the period. Signaturefd LLC lifted its position in shares of Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company's stock worth $61,000 after purchasing an additional 263 shares during the period. Finally, Centaurus Financial Inc. boosted its position in Visteon by 4.5% during the third quarter. Centaurus Financial Inc. now owns 9,625 shares of the company's stock valued at $917,000 after purchasing an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Visteon Stock Performance

VC stock traded up $0.14 during midday trading on Wednesday, reaching $82.19. The stock had a trading volume of 87,122 shares, compared to its average volume of 285,611. 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 $2.23 billion, a PE ratio of 8.39, a P/E/G ratio of 0.42 and a beta of 1.39. The firm has a fifty day simple moving average of $84.30 and a two-hundred day simple moving average of $88.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74.

Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Visteon had a net margin of 7.09% and a return on equity of 24.58%. As a group, equities research analysts anticipate that Visteon Co. will post 8.42 EPS for the current year.

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.