Edgestream Partners L.P. boosted its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,573 shares of the company's stock after acquiring an additional 15,513 shares during the quarter. Edgestream Partners L.P. owned about 0.18% of Visteon worth $4,309,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VC. State of Alaska Department of Revenue grew its stake in shares of Visteon by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 3,221 shares of the company's stock valued at $306,000 after buying an additional 215 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Visteon by 3.2% in the third quarter. Principal Financial Group Inc. now owns 274,365 shares of the company's stock valued at $26,131,000 after buying an additional 8,500 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Visteon in the third quarter valued at $518,000. Covestor Ltd grew its stake in shares of Visteon by 14.8% in the third quarter. Covestor Ltd now owns 1,567 shares of the company's stock valued at $149,000 after buying an additional 202 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Visteon by 19.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 19,604 shares of the company's stock valued at $1,867,000 after buying an additional 3,194 shares in the last quarter. Institutional investors and hedge funds own 99.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on VC. Wells Fargo & Company lifted their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Barclays dropped their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Morgan Stanley dropped their price objective on Visteon from $100.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, March 3rd. Royal Bank of Canada decreased their target price on Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Finally, TD Cowen started coverage on Visteon in a report on Friday. They issued a "buy" rating and a $108.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $117.25.
Read Our Latest Report on VC
Visteon Stock Up 0.4 %
Visteon stock opened at $87.68 on Friday. The company has a market capitalization of $2.37 billion, a P/E ratio of 8.94, a PEG ratio of 0.42 and a beta of 1.39. 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 Co. has a fifty-two week low of $75.75 and a fifty-two week high of $121.45. The stock has a 50-day simple moving average of $85.33 and a 200-day simple moving average of $90.44.
Visteon (NASDAQ:VC - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $2.47. The firm had revenue of $939.00 million during the quarter, compared to analysts' expectations of $954.17 million. Visteon had a return on equity of 24.58% and a net margin of 7.09%. Equities research analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.
Visteon Profile
(
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.
Further Reading
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