Visteon Co. (NASDAQ:VC) Stock Holdings Increased by Royce & Associates LP

Royce & Associates LP boosted its position in Visteon Co. (NASDAQ:VC) by 28.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 202,214 shares of the company’s stock after buying an additional 44,460 shares during the period. Royce & Associates LP’s holdings in Visteon were worth $19,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its holdings in 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 Visteon in the second quarter valued at about $59,000. KBC Group NV grew its holdings in shares of Visteon by 37.7% during 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 during the last quarter. Acadian Asset Management LLC bought a new position in shares of Visteon during the second quarter valued at approximately $89,000. Finally, nVerses Capital LLC grew its holdings in shares of Visteon by 22.2% during the second quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $117,000 after purchasing an additional 200 shares during the last quarter. 99.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on VC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $124.00 target price on shares of Visteon in a report on Tuesday, September 10th. TD Cowen lowered their target price on Visteon from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on Visteon from $132.00 to $122.00 and set a “neutral” rating for the company in a report on Monday, October 21st. Royal Bank of Canada lowered their target price on Visteon from $129.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group lowered their target price on Visteon from $130.00 to $117.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Visteon has an average rating of “Moderate Buy” and a consensus target price of $127.57.

Visteon Stock Performance

VC opened at $91.69 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 0.46 and a beta of 1.45. 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 Co. has a 1-year low of $86.77 and a 1-year high of $131.70. The business has a 50 day moving average price of $92.48 and a two-hundred day moving average price of $101.94.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 24th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.37. The firm had revenue of $980.00 million during the quarter, compared to the consensus estimate of $965.60 million. Visteon had a return on equity of 46.19% and a net margin of 13.22%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 earnings per share. Research analysts predict that Visteon Co. will post 8.04 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.