Point72 Asset Management L.P. Purchases 49,210 Shares of Visteon Co. (NASDAQ:VC)

Point72 Asset Management L.P. grew its position in Visteon Co. (NASDAQ:VC - Free Report) by 145.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,010 shares of the company's stock after purchasing an additional 49,210 shares during the period. Point72 Asset Management L.P. owned about 0.30% of Visteon worth $7,906,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Visteon by 70.8% in the second quarter. Signaturefd LLC now owns 287 shares of the company's stock valued at $31,000 after buying an additional 119 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Visteon during the second quarter valued at approximately $59,000. KBC Group NV increased its holdings in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after purchasing an additional 247 shares in the last quarter. Acadian Asset Management LLC bought a new position in Visteon in the 2nd quarter worth approximately $89,000. Finally, nVerses Capital LLC lifted its holdings in Visteon by 22.2% during the 2nd quarter. nVerses Capital LLC now owns 1,100 shares of the company's stock worth $117,000 after buying an additional 200 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VC. The Goldman Sachs Group lowered their price objective on Visteon from $130.00 to $117.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $124.00 price target on shares of Visteon in a research note on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Visteon in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Barclays cut their price target on Visteon from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada decreased 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. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Visteon currently has a consensus rating of "Moderate Buy" and an average price target of $127.57.

Visteon Stock Down 0.9 %

Shares of VC traded down $0.86 during midday trading on Friday, hitting $93.21. The stock had a trading volume of 304,116 shares, compared to its average volume of 251,406. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The company has a 50 day simple moving average of $92.08 and a two-hundred day simple moving average of $99.51. Visteon Co. has a twelve month low of $86.27 and a twelve month high of $131.70. 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 earnings results on Thursday, October 24th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.37. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The business had revenue of $980.00 million for the quarter, compared to analyst estimates of $965.60 million. During the same quarter last year, the firm earned $2.35 EPS. Visteon's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, analysts anticipate that Visteon Co. will post 8.2 EPS for the current year.

Visteon 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.