Bank of New York Mellon Corp Purchases 12,900 Shares of Visteon Co. (NASDAQ:VC)

Bank of New York Mellon Corp grew its holdings in shares of Visteon Co. (NASDAQ:VC - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,856 shares of the company's stock after acquiring an additional 12,900 shares during the quarter. Bank of New York Mellon Corp owned about 2.32% of Visteon worth $56,857,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. KBC Group NV raised its holdings in shares of Visteon by 37.7% during the 3rd quarter. KBC Group NV now owns 902 shares of the company's stock valued at $86,000 after buying an additional 247 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Visteon by 136.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company's stock valued at $116,000 after buying an additional 754 shares in the last quarter. Covestor Ltd raised its holdings in shares of Visteon by 14.8% during the 3rd 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. Morse Asset Management Inc purchased a new position in shares of Visteon during the 3rd quarter valued at about $164,000. Finally, Entropy Technologies LP purchased a new position in shares of Visteon during the 4th quarter valued at about $214,000. Institutional investors own 99.71% of the company's stock.

Visteon Trading Up 0.4 %

Shares of VC traded up $0.33 during mid-day trading on Friday, hitting $87.68. 327,678 shares of the company's stock traded hands, compared to its average volume of 328,165. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $121.45. The firm 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 business's 50-day moving average price is $85.33 and its 200-day moving average price is $90.44.

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Visteon (NASDAQ:VC - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (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. As a group, sell-side analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VC. TD Cowen began coverage on Visteon in a report on Friday. They set a "buy" rating and a $108.00 price objective on the stock. Wells Fargo & Company raised their price objective on Visteon from $119.00 to $124.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Barclays decreased their price objective on Visteon from $115.00 to $110.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada decreased their price target on Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 19th. Finally, Morgan Stanley decreased their price target 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $117.25.

About Visteon

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.