Xponance Inc. Acquires 175 Shares of Visteon Co. (NASDAQ:VC)

Xponance Inc. boosted its holdings in Visteon Co. (NASDAQ:VC) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,898 shares of the company’s stock after acquiring an additional 175 shares during the period. Xponance Inc.’s holdings in Visteon were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in Visteon by 62.5% in the 4th quarter. Signaturefd LLC now owns 684 shares of the company’s stock valued at $61,000 after purchasing an additional 263 shares during the period. Nisa Investment Advisors LLC boosted 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 valued at $116,000 after acquiring an additional 754 shares during the period. KBC Group NV grew its stake in shares of Visteon by 49.9% in the fourth quarter. KBC Group NV now owns 1,352 shares of the company’s stock valued at $120,000 after acquiring an additional 450 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Visteon in the third quarter valued at about $164,000. Finally, Entropy Technologies LP bought a new position in Visteon during the fourth quarter worth about $214,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Price Performance

VC stock opened at $79.77 on Friday. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 0.42 and a beta of 1.39. 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 company has a 50 day simple moving average of $84.20 and a 200 day simple moving average of $88.65. Visteon Co. has a 1 year low of $75.75 and a 1 year high of $119.16.

Visteon (NASDAQ:VC) last announced 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. Visteon had a net margin of 7.09% and a return on equity of 24.58%. The company had revenue of $939.00 million during the quarter, compared to the consensus estimate of $954.17 million. Research analysts anticipate that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VC. Wells Fargo & Company increased their target price on shares of Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Barclays reduced their price target on Visteon from $115.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. TD Cowen assumed coverage on Visteon in a research note on Friday, March 7th. They set a “buy” rating and a $108.00 price objective on the stock. Royal Bank of Canada cut their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research report 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 report on Monday, March 3rd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Visteon currently has an average rating of “Moderate Buy” and a consensus price target of $117.25.

Visteon Company 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.