BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 173,771 shares of the company's stock after buying an additional 33,836 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.63% of Visteon worth $16,550,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Visteon by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,929,339 shares of the company's stock worth $344,520,000 after buying an additional 48,457 shares during the last quarter. Victory Capital Management Inc. grew its position in Visteon by 10.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,516,024 shares of the company's stock worth $161,760,000 after acquiring an additional 137,264 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Visteon by 1.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 808,192 shares of the company's stock worth $86,234,000 after purchasing an additional 8,941 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Visteon by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 670,597 shares of the company's stock valued at $71,552,000 after purchasing an additional 83,840 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Visteon by 24.4% during the second quarter. Millennium Management LLC now owns 568,536 shares of the company's stock valued at $60,663,000 after purchasing an additional 111,377 shares in the last quarter. 99.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price objective on Visteon from $129.00 to $124.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. StockNews.com cut shares of Visteon from a "buy" rating to a "hold" rating in a research note on Sunday, November 3rd. Wolfe Research assumed coverage on Visteon in a research report on Thursday, September 5th. They set a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. cut their target price on Visteon from $132.00 to $122.00 and set a "neutral" rating on the stock in a report on Monday, October 21st. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visteon has a consensus rating of "Moderate Buy" and an average target price of $127.57.
Check Out Our Latest Report on VC
Visteon Stock Up 1.8 %
Shares of VC stock traded up $1.67 on Friday, reaching $92.01. 198,694 shares of the company were exchanged, compared to its average volume of 301,359. Visteon Co. has a one year low of $86.27 and a one year high of $131.70. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.45 and a beta of 1.45. The company has a 50-day moving average of $92.23 and a 200-day moving average of $100.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.82 and a quick ratio of 1.47.
Visteon (NASDAQ:VC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to analysts' expectations of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 earnings per share. Analysts anticipate that Visteon Co. will post 8.2 earnings per share for the current year.
About Visteon
(
Free Report)
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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