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

Royce & Associates LP raised its stake in shares of Visteon Co. (NASDAQ:VC) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,508 shares of the company’s stock after acquiring an additional 79,294 shares during the quarter. Royce & Associates LP’s holdings in Visteon were worth $24,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VC. Raymond James Financial Inc. bought a new stake in Visteon during the 4th quarter valued at $10,170,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Visteon during the 3rd quarter valued at $10,779,000. JPMorgan Chase & Co. lifted its holdings in shares of Visteon by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,821 shares of the company’s stock valued at $60,841,000 after purchasing an additional 88,288 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Visteon during the 4th quarter valued at $7,730,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Visteon by 6.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 863,657 shares of the company’s stock valued at $82,255,000 after purchasing an additional 55,465 shares during the last quarter. Institutional investors own 99.71% of the company’s stock.

Visteon Price Performance

NASDAQ:VC opened at $80.61 on Monday. Visteon Co. has a 52 week low of $75.75 and a 52 week high of $119.16. The company has a quick ratio of 1.47, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.18 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 0.42 and a beta of 1.39. The stock’s 50-day moving average price is $84.83 and its 200-day moving average price is $89.67.

Visteon (NASDAQ:VC) last posted its earnings results on Tuesday, February 18th. The company reported $4.44 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $2.47. Visteon had a return on equity of 24.58% and a net margin of 7.09%. The firm had revenue of $939.00 million for the quarter, compared to analysts’ expectations of $954.17 million. As a group, equities analysts expect that Visteon Co. will post 8.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on VC. TD Cowen began coverage on Visteon in a report on Friday, March 7th. They set a “buy” rating and a $108.00 price objective for the company. Wells Fargo & Company raised their target price on Visteon from $119.00 to $124.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Royal Bank of Canada reduced their target price on Visteon from $127.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, February 19th. Barclays reduced their target price on Visteon from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on Visteon from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, March 3rd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.