Royce & Associates LP Acquires 79,294 Shares of Visteon Co. (NASDAQ:VC)

Royce & Associates LP lifted its holdings in Visteon Co. (NASDAQ:VC) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 281,508 shares of the company’s stock after acquiring an additional 79,294 shares during the period. Royce & Associates LP owned 1.02% of Visteon worth $24,975,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VC. KBC Group NV lifted its position in shares of Visteon by 37.7% in the third quarter. KBC Group NV now owns 902 shares of the company’s stock worth $86,000 after buying an additional 247 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Visteon by 136.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,305 shares of the company’s stock worth $116,000 after buying an additional 754 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Visteon in the third quarter worth about $164,000. Entropy Technologies LP purchased a new stake in shares of Visteon in the fourth quarter worth about $214,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visteon in the third quarter worth about $230,000. Institutional investors own 99.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VC. TD Cowen began coverage on Visteon in a research report on Friday, March 7th. They issued a “buy” rating and a $108.00 target price on the stock. Morgan Stanley decreased their price objective on Visteon from $100.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Barclays decreased their price objective on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company upped their price objective on Visteon from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada decreased their price objective on Visteon from $127.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 19th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.25.

Visteon Trading Down 0.2 %

Shares of NASDAQ VC opened at $80.61 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.47 and a current ratio of 1.74. The business’s 50 day moving average price is $84.83 and its 200-day moving average price is $89.67. Visteon Co. has a fifty-two week low of $75.75 and a fifty-two week high of $119.16. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.42 and a beta of 1.39.

Visteon (NASDAQ:VC) last announced its quarterly earnings data 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. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The company had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. On average, sell-side analysts expect that Visteon Co. will post 8.42 earnings per share for the current year.

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.