Thrivent Financial for Lutherans Raises Position in Visteon Co. (NASDAQ:VC)

Thrivent Financial for Lutherans lifted its position in shares of Visteon Co. (NASDAQ:VC - Free Report) by 186.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,542 shares of the company's stock after purchasing an additional 13,380 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Visteon worth $1,822,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its position in Visteon by 0.4% during the 3rd quarter. State Street Corp now owns 1,024,865 shares of the company's stock valued at $97,608,000 after acquiring an additional 3,918 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Visteon by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 668,682 shares of the company's stock valued at $63,698,000 after purchasing an additional 7,743 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Visteon by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 640,856 shares of the company's stock valued at $56,857,000 after purchasing an additional 12,900 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Visteon by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company's stock worth $60,841,000 after purchasing an additional 88,288 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Visteon by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,609 shares of the company's stock worth $32,526,000 after purchasing an additional 25,319 shares in the last quarter. Hedge funds and other institutional investors own 99.71% of the company's stock.

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Wall Street Analysts Forecast Growth

VC has been the topic of a number of research reports. 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 on the stock. Morgan Stanley dropped their price objective 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. Royal Bank of Canada decreased their target price on shares of Visteon from $127.00 to $100.00 and set an "outperform" rating for the company in a research note on Wednesday, February 19th. Barclays lowered their target price on shares of Visteon from $115.00 to $110.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price target on Visteon from $119.00 to $124.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $117.25.

Visteon Stock Performance

NASDAQ:VC traded up $1.58 during mid-day trading on Wednesday, reaching $78.96. The company's stock had a trading volume of 242,165 shares, compared to its average volume of 295,880. The company has a current ratio of 1.74, a quick ratio of 1.47 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.14 billion, a P/E ratio of 8.05, a PEG ratio of 0.42 and a beta of 1.39. The firm's fifty day moving average price is $83.63 and its two-hundred day moving average price is $88.25. Visteon Co. has a 12-month low of $75.75 and a 12-month high of $117.94.

Visteon (NASDAQ:VC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $4.44 earnings per share for the quarter, beating the consensus estimate 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 net margin of 7.09% and a return on equity of 24.58%. On average, equities analysts forecast that Visteon Co. will post 8.42 EPS for the current fiscal 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.