Charles Schwab Investment Management Inc. Increases Stake in Visteon Co. (NASDAQ:VC)

Charles Schwab Investment Management Inc. grew its stake in shares of Visteon Co. (NASDAQ:VC - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366,609 shares of the company's stock after buying an additional 25,319 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of Visteon worth $32,526,000 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. Nordea Investment Management AB bought a new stake in Visteon during the fourth quarter worth about $7,730,000. Mirabella Financial Services LLP lifted its position in Visteon by 361.3% in the 3rd quarter. Mirabella Financial Services LLP now owns 17,096 shares of the company's stock worth $1,628,000 after buying an additional 13,390 shares during the last quarter. Systematic Financial Management LP boosted its stake in Visteon by 11.8% in the third quarter. Systematic Financial Management LP now owns 259,641 shares of the company's stock worth $24,728,000 after buying an additional 27,403 shares in the last quarter. Intech Investment Management LLC boosted its stake in Visteon by 205.9% in the third quarter. Intech Investment Management LLC now owns 12,853 shares of the company's stock worth $1,224,000 after buying an additional 8,651 shares in the last quarter. Finally, Value Holdings Management CO. LLC grew its holdings in shares of Visteon by 90.9% during the 4th quarter. Value Holdings Management CO. LLC now owns 31,500 shares of the company's stock valued at $2,795,000 after purchasing an additional 15,000 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

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Visteon Stock Up 1.2 %

VC stock traded up $1.00 during midday trading on Thursday, hitting $81.90. The stock had a trading volume of 236,119 shares, compared to its average volume of 283,612. The business has a 50-day moving average of $84.48 and a two-hundred day moving average of $89.32. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.74 and a quick ratio of 1.47. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. Visteon Co. has a 52-week low of $75.75 and a 52-week high of $119.16.

Visteon (NASDAQ:VC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $2.47. The company had revenue of $939.00 million during the quarter, compared to analyst estimates 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 forecast that Visteon Co. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Morgan Stanley decreased their target price on shares of Visteon from $100.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, March 3rd. Barclays dropped their price target on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Royal Bank of Canada decreased their price objective on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, TD Cowen began coverage on shares of Visteon in a report on Friday, March 7th. They set 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.25.

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.